Thursday, February 17, 2011

Mid-month statistics for February

The second month of 2011 is more than half gone, so let's take a look at the first two weeks of February recording stats compared to the same time next year. From February 1st through the 16th, there were 171 deeds recorded in 2010 and 154 recorded in 2011, a drop of 10%. In 2010 there were 414 mortgages, in 2011 there were 473 mortgages, an increase of 14%. In 2010 there were 28 foreclosure deeds, in 2011 there were 14, a decrease of 50%. In 2010, there were 80 orders of notice, in 2011 there were 25, a decrease of 69%.

Overall, these statistics are good news, especially when the difficult weather of the past two weeks is factored in. While the decrease in deeds being recorded is a negative, all other signs are positive, especially the significant drop in the number of foreclosure-related filings.

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