The 694 deeds recorded in September brought the number of deeds recorded year-to-date for 2013 to 6,435– a 5% increase over last year at this time, a pace that is likely to continue through the end of the year. That translates into over $2.129 billion dollars in total sales value through September, 2013, a 12% increase over last year.
Our September, 2013 Register’s Report also indentifies an expected dropoff in the number of refinances due to rising interest rates. A dramatic example of the reduction in mortgage filings is the comparison of mortgages recorded in September 2012 (2228) with the number recorded in September 2013 (2035), a 33% reduction.
The long troubling problems of foreclosures in Plymouth County has continued it’s downward trend. Foreclosure deeds are 59% below last year’s level. Foreclosure notices, the first document recorded at the Registry identifying a serious problem with maintaining ownership, are down 48% compared to last year at this time. We will continue to monitor all these areas as we shift into our traditionally slower selling season.