Register of Deeds William P. O’Donnell reported a surge in mortgage lending prevented what would have been a disappointing month of May for the Norfolk County real estate market.
“During May 2020, 1,194 real estate sales were recorded, a 31% decrease year over year,” said O’Donnell. “However, the average sales price, both residential and commercial, actually increased 40% to $984,666. This number was impacted by a $51 million sale recorded against a Canton commercial property on May 29. Total dollar sales volume for May was $659 million, a 16% decrease from the previous year. There is no question the COVID-19 pandemic continues to negatively impact real estate sales activity countywide. Real estate brokers and agents continue to report being unable to hold open houses. With
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