It's February 1st which means it's time to look at January's recording statistics. As in the past, I'll compare January 2012 with January 2011 but following that, there's a new feature - a three month comparison. Looking at individual months spaced a year apart certainly has some value, but I think comparing the three most recent months to the three months before them will help spot emerging trends. Here goes:
The number of deeds recorded in January 2012 was down 11% from the number recorded in January 2011 (384 to 342); the number of mortgages was down 12% (1185 to 1039); the number of foreclosure deeds was up 65% (23 to 38); and the number of orders of notice was up 70% (27 to 46). The overall number of documents was down 8% (5335 to 4911).
Now for the three month comparison. I took the same document types for the last three months (January 2012, December 2011 and November 2011) and compared their totals to the totals for the prior three months (October, September and August of 2011). Here's what I found:
The number of deeds recorded in the last three months was down 6% from the prior three months (1354 to 1273); the number of mortgages recorded was up 20% (3129 to 3753); the number of foreclosure deeds was up 5% (111 to 117); and the number of orders of notice was up 8% (154 to 167). The total number of documents recorded rose 12% (15015 to 16742).
Wednesday, February 01, 2012
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