Dedham, MA – Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the month of May 2025 indicate an increase in overall real estate activity, with increases in property sales and mortgage activity as compared to May 2024.

The Norfolk County Registry of Deeds recorded a total of 9,628 documents in May 2025. This represents a 4% increase from May 2024 and an 11% increase compared to April 2025.

The total number of deeds recorded for May 2025, which reflects both commercial and residential real estate sales and transfers, was 1,494, slightly down 1% from May 2024 but up 13% from April 2025. Looking at commercial and residential real estate sale prices, the average sale price in Norfolk County for May 2025 was up 11% from May of 2024.

“Despite some broader economic concerns, the total number of commercial and residential property sales in May 2025 showed a vibrancy,” stated Register O’Donnell. “There is still an inventory issue on the residential side that is having an effect.”

The average sale price for commercial and residential properties in May 2025 rose to $1,386,599, an 11% increase compared to May 2024 and nearly the same as the average sale price from April 2025. Additionally, the total dollar volume of commercial and residential sales is up, increasing 18% from last year and up 33% from last month.

For the month of May, lending activity showed an increase compared to the same month a year ago. A total of 1,542 mortgages were recorded in May 2025, up 11% from May 2024 and 7% more than last month. According to the Federal Home Loan Mortgage Corporation, the average mortgage interest rate for a 30-year fixed-rate mortgage in May 2025 was between 6.76% and 6.89%, a decrease compared to May of 2024, when interest rates were between 6.94% and 7.22%.

Register O’Donnell concluded, “The May 2025 real estate data for Norfolk County shows a competitive real estate market driven by strong demand and increasing lending activity. While this growth highlights the desirability of our communities, it also underscores the challenges of limited inventory and rising prices. As we move into the summer months, we remain hopeful for continued growth and look forward to seeing how the market develops.”

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. Reach them at (781) 461-6101 or email [email protected].