Sales and mortgages remained strong in Plymouth County in March, reported Register John R. Buckley,Jr.
There were 1,097 sales In August in Plymouth County compared to 1,158 sales in August 2019, representing a slight decrease of 5 percent..
Year-to-date sales numbers show a 9 percent decrease over the number of sales at this time in 2019. The Registry of Deeds recorded 6,236 deeds during the first eight months of 2020, down from 6,841 during the same period in 2019.
“The decrease in sales activity throughout 2020 is more likely attributable to the low inventory in Plymouth County rather than to the pandemic,” said Buckley. “Regardless, the numbers remain strong.”
The mortgage market continues to show stellar numbers, Buckley said. August mortgages increased by 39 percent from August 2019. This August, Plymouth County recorded 3,112 mortgages. In August 2019, the registry recorded 2,240 mortgages. The year-to-date mortgage volume is up 51 percent in the first eight months of 2020, compared to the first eight months of 2019. The registry recorded 20,708 mortgages thus far in 2020, compared to 13,671 mortgages recorded during the same time in 2019. Interest rates remain most favorable.
Foreclosure activity is at record lows due to the moratorium. Plymouth County recorded 8 foreclosure deeds this August compared to 33 foreclosure deeds recorded last August. This represents a 76 percent decrease.
