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.