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.

“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 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.

The Norfolk County Registry of Deeds is located at 649 High St., Dedham. Find them on Facebook at facebook.com/norfolkdeeds and on X and Instagram at @norfolkdeeds. Reach them at (781) 461-6101 or by email at [email protected].