May 2024 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF MAY 2024

 SALES VOLUME & VALUE REMAIN SOLID!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2024 was up 1.7% from May 2023 volume and the total value of sales was up 5.2% from the previous year.  The median individual property sale value was up 10.7% from the previous year.  There was a 1% increase in the volume of mortgage activity from May 2023 levels.

Year to Date: Volume of Sales is up 0.4%; Total Value of Sales is up 2.3%; Individual Sales Value is up 6.8%; Mortgage Volume is down 6.8%.

 Register Meade reports that there were 547 deeds recorded at the Barnstable Registry of Deeds in May 2024 with stated sales values above $50,000.00 representing a stated value of $486,607,336.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in May 2024 was $675,000.00.

There were 738 mortgages recorded with values above $50,000.00 in May 2024 with a total value of $447,964,184.00.  The median mortgage amount, commercial, residential or other, was $400,000.00.

By way of comparison, there were 538 deeds recorded at the Barnstable Registry of Deeds in May 2023 with stated sales values above $50,000.00 representing a stated value of $462,738,048.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in May 2023 was $610,000.00.

There were 731 mortgages recorded with values above $50,000.00 in May 2023 with a total value of $319,802,154.00.  The median mortgage amount, commercial, residential or other, was $308,000.00.

 

REAL ESTATE ACTIVITY THROUGH MAY 2024

AS COMPARED TO THE SAME PERIOD IN 2023.

 

All figures are based on sales or mortgages ABOVE $50,000.00.

2024 sales volume: 2,033

2023 sales volume: 2,025

 

 2024 total sales value: $1,729,927,203.00

2023 total sales value: $1,691,335,239.00

 

2024 median sales price: $640,000.00

2023 median sales price: $599,000.00

 

2024 mortgage volume: 2,967

2023 mortgage volume: 3,184

 

2024 total mortgage value:  $1,636,226,873.00

2023 total mortgage value:  $1,609,463,447.00

 

2024 median mortgage amount: $350,000.00

2023 median mortgage amount: $308,875.00

 

 TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

May               2023:      $610,000.00                                  -3.2%

June               2023:      $625,000.00                                  +2.5%

July                2023:      $626,000.00                                 +0.2%

Aug                2023:      $630,000.00                                  +0.6%

Sep                 2023:      $650,000.00                                   +3.2%

Oct                 2023:      $675,000.00                                  +3.8%

Nov                2023:      $630,000.00                                   -6.7%

Dec                 2023:      $575,000.00                                  – 8.7%

Jan                 2024:      $590,000.00                                  +2.6%

Feb                 2024:      $625,000.00                                 +5.9%

Mar                2024:      $610,000.00                                 -2.4%

Apr                 2024:      $695,000.00                                 +13.9%

May                2024:      $675,000.00                                 -2.9%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2023    8                                  24

2024    7                                  25       

Chg.    -12.5%                        +4.2%