Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of March 2025 indicate a decrease in overall real estate compared to last year, but an increase compared to February 2025.
The Registry of Deeds recorded 7,550 documents in March 2025, a slight decrease of 1% from March 2024, but a 10% increase compared to February 2025.
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| Mixed Results in March 2025 |
“Lending activity and property sales and transfers represent a majority of the documents recorded at the Registry of Deeds, and March 2025 showed a slight decrease in both categories compared to last year,” noted Norfolk County Register of Deeds William P. O’Donnell. “The slight decrease in real estate activity may be an indication of various economic factors affecting the country as a whole, which are now impacting the local real estate market. However, it is still early in the homebuying season, and this decrease may be a result of potential buyers waiting for more favorable economic conditions.”
The total number of deeds recorded for March 2025, reflecting both commercial and residential real estate sales and transfers, was 1,132, down 4% from March 2024, but up 9% from February 2025.
“This March was a slower start to the homebuying season than previous years, but we are hopeful that activity will pick up as we move further into the season,” stated Register O’Donnell. “Interest rates, inflation, and employment levels are key factors that influence the real estate market. While interest rates have decreased, encouraging buying, inflation still reduces consumer purchasing power. Employment levels and consumer confidence also play significant roles.”
In March, lending activity showed a slight decrease compared to the same month a year ago. A total of 1,065 mortgages were recorded in March 2025, down 2% from March 2024, but up 8% from February 2025. According to The Federal Home Loan Mortgage Corporation, average mortgage interest rates in March 2025 were between 6.63% and 6.67% compared to March 2024 when interest rates were between 6.74% and 6.88%.
“The mortgage activity in March 2025 may be being impacted by broader economic challenges,” stated Register O’Donnell. “The slight decrease compared to last year suggests that potential buyers may be hesitant due to factors such as affordability issues and economic uncertainty. Even with relatively stable interest rates, inflation and employment concerns can make it difficult for individuals to commit to long-term financial obligations like mortgages. As we move forward, it will be important to watch how changes in the economy and interest rates affect both the lending market and overall real estate activity in Norfolk County.”
The average sale price of commercial and residential properties for March 2025 was $1,166,825, a 12% increase compared to March 2024, and a 10% increase from February 2025. However, the total dollar volume of commercial and residential sales decreased by 13% from last year, totaling $519,237,415, but increased 15% from February 2025.
“Norfolk County remains a desirable location to both live and work, thanks to the vibrant communities and the dedicated efforts of municipal staff and leaders,” remarked Register O'Donnell. “However, the limited property inventory continues to pose challenges for buyers, particularly those purchasing their first home.”
The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In March 2025, there were 7 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, down 42% from the 12 recorded in March 2024. Additionally, there were 29 notices to foreclose, the first step in the foreclosure process, which is a slight increase from the 28 recorded in March 2024.
“Unforeseen events can happen to any of us, and sometimes these events can have severe emotional and financial impacts. I urge anyone struggling to pay their mortgage, or who knows someone in this situation, to reach out to one of the non-profit organizations listed on our website, www.norfolkdeeds.org,” said Register O'Donnell.
For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (508-587-0950) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.
Register O'Donnell concluded, “The real estate activity in Norfolk County for March 2025 showed mixed results. While there was a slight decrease in overall recordings compared to March 2024, there was a notable increase from February 2025. Despite challenges like limited property inventory and economic strains, Norfolk County remains a desirable location for both residential and commercial real estate.”
To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.
The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.
