Plymouth County real estate numbers for July were “mostly positive,” reported Register of Deeds John R. Buckley, Jr. this week.
There were 968 sales in the month of July, compared to 1,064 last July, a drop of 9 percent. For the first time this year Plymouth County recorded fewer deeds in a month than 2020. The total number of sales thus far this year, 5,949, is still 16 percent more than total sales at this time last year.
“Notwithstanding the good report, the low inventory available and the variations in mortgage rates are affecting our numbers,” Buckley noted.
The average sales price of the properties sold in Plymouth County this year is $537,074, compared to $462,302 at this time last year. This represents a 16 percent increase.
The 2021 mortgage numbers are well ahead of the 2020 mortgage numbers. Year to date numbers show a 29 percent increase. Through the end of July, Plymouth County recorded 22,740 mortgages compared to the 17,596 mortgages recorded through this time last year. For the first time this year Plymouth County also recorded fewer mortgages in a month than 2020.
“We recorded 2,619 mortgages this July compared to 3,079 mortgages recorded last July. This represents a 15 percent drop in the number of mortgages recorded in Plymouth County. The decrease in the mortgage activity may signal that re-finances are slowing down, but time will tell,” said Buckley.
Year-to-date there have been 38 foreclosure deeds recorded, including eight recorded in July.