February Report: Plymouth County Real Estate Stays Busy

Filed Under: More News, Real Estate

Through February,2021, there were 1,276 deeds recorded in Plymouth County, representing a 3 percent increase in sales transactions over last year. At the close of February 2020, Plymouth County had recorded 1,234 sales transactions. The numbers for January and February last year were preCOVID-19

“Notwithstanding the lifestyle limitations forced on all of us due to the pandemic, the sale numbers remain strong despite the low inventory,” said Register of Deeds John R. Buckley Jr.

Mortgage activity remains outstanding, Buckley said, primarily due to refinances. In February there were 3,155 mortgages recorded, 92 percent higher than the 1,799 recorded in 2020. Through February, Plymouth County recorded 6,545 mortgages, 79 percent more than the 3,661 mortgages recorded through February 2020.

“A year ago we wondered if the refinance splurge would quiet down, but with interest rates at historic lows, the mortgage activity continues to grow,” Buckley said.

Plymouth County recorded seven foreclosure deeds in February, compared to 28 recorded last February, representing a 79 percent decline. Plymouth County recorded 11 home foreclosure notices in February 2021, compared to 69 home foreclosure notices recorded in February 2020, an 85 percent decline. The government moratorium continues to keep these numbers down

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