August 2018 Mortgage Market Share Report

September 12, 2018

 

Once again sales in Monroe County made a strong comeback in the second half of August. The monthly total of 274 deeds representing a transaction compared favorable to last August?s number of 276. For the year, deed recordings are down about two percent from 2017.

The same holds true for mortgage recordings. Mortgages securing between $75,000 and $424,000 total 2066, down minimally from last year?s 2079 through August. (I included as page 7 the year to date numbers for last year.)

After eight months it appears that we?ll enjoy a strong purchase market for the third year in a row. These are good results despite the wide-spread inventory shortage.

During August we helped 430 people buy, sell or refinance their properties. We provided seller side closing statements two or more days prior to closing in 93% of the transactions that we closed. Our title team completed initial Monroe County orders in four or fewer days for 86% of our transactions.

 

~ John Bethell