Friday, April 01, 2011

March statistics

As the days passed, March seemed to provide more and more evidence that the real estate market was sputtering. The end of the month statistics don't paint such a bleak picture, but they do convey a mixed message.

For the entire district, the number of deeds recorded in March 2011 was down 2% from March 2010 while the number of mortgages was down 5% for the same period. The good news is that foreclosures are down by double digits as they have been for a number of months. In March 2011, the number of foreclosure deeds recorded dropped 42% (57 to 33) compared to March 2010 while Orders of Notice were down 44% (112 to 63) for the same period.

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