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Register O’Donnell Reports on July Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that the July 2022 numbers relative to Norfolk County recordings indicate a continuing decrease in overall real estate activity compared to the July 2021 numbers but show a marked increase in average sale prices.

 “Our data indicates that the Norfolk County real estate numbers in July demonstrate a continued slowdown in the market compared to 2021 and a slight decrease from the month of June,” noted Register O’Donnell. “There were 10,884 documents recorded at the Norfolk County Registry of Deeds in July, a 35% decrease from July, 2021 and a decrease of 16% from June, 2022”.

“The number of deeds for July 2022, which reflect real estate sales and transfers, both commercial and residential, show a decrease of 26% from July, 2021 and a decrease of 21% from the previous month. However, sale prices continue to rise. The average sale price in July was $1,220,594, a 20% increase compared to July 2021 and a slight 3% increase from June. Total dollar volume of commercial and residential sales is down, decreasing 11% from one year ago and decreasing 19% from last month,” noted the Register. 

Overall lending activity show a pronounced trend downward for the month of July. A total of 1,886 mortgages were recorded during the month, a significant decrease of 45% compared to a year ago and a decrease of 19% from June. “It appears that the increase in the mortgage interest rates and the fact that many consumers have already refinanced continue to impact mortgage activity,” noted O’Donnell. 

A continuing cause for concern in Norfolk County is the number of pending foreclosures. The Norfolk County Registry of Deeds has been closely watching the foreclosure market. In July, there were 9 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, four more than in July, 2021 and two more than in June.  However, there were 21 Notices to Foreclose, the first step in the foreclosure process, recorded in July, up significantly from only 5 recorded in July 2021. “The dramatic increase in the number of these notices is alarming. It indicates that more of our neighbors are facing financial challenges going forward”, said O’Donnell.  “We will continue to monitor these numbers.” 

To learn more, find Norfolk County Register of Deeds on or follow them on and, or visit

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