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orfolk County Register of Deeds William P. O'Donnell reported a surge in real estate activity for May 2025, with increases in property sales and mortgage activity compared to the same month last year.

    A total of 9,628 documents were recorded at the Norfolk County Registry of Deeds in May 2025, representing a 4% increase from May 2024 and an 11% increase from April 2025. The number of deeds recorded for May 2025 was 1,494, down 1% from last year but up 13% from the previous month.

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

    Lending activity showed a significant increase in May 2025, with 1,542 mortgages recorded, up 11% from May 2024 and 7% more than last month. The average mortgage interest rate for a 30-year fixed-rate mortgage decreased to between 6.76% and 6.89%, down from 6.94% to 7.22% in May 2024.

    Register O'Donnell noted that the rise in mortgage recordings, coupled with easing interest rates, indicates renewed confidence among buyers in securing financing. The Norfolk County Registry of Deeds has also seen a reduction in foreclosure activity, with 2 foreclosure deeds recorded and 26 notices to foreclose in May 2025, down from 3 and 32 respectively last year.

    While the decrease in foreclosures is welcome news, Register O'Donnell emphasized that foreclosure activity still affects many individuals and families. He urged those struggling to pay their mortgage or know someone who is to contact non-profit organizations listed on the registry's website for assistance.