Lowell Deeds

Today’s Globe reports that both the Massachusetts Association of Realtors and The Warren Group report that sale of homes and condominiums were down considerably during the month of May when compared to the same time last year. Our statistics readily support this assertion. Instead of looking at just the month of May, I compared the total number of deeds recorded during the second quarter of 2006 with the same period of 2005. I then made the same comparison for just condominium deeds (which are also included in the first set). Here’s what the records show: In the 2nd Qtr of 2005, a total of 2145 deeds were recorded while in 2nd Qtr 2006, just 1712 were recorded, a decrease of 20% (and as regular blog readers know, you might want to double check my math). These figures are for the entire 10 town registry district. For the city of Lowell alone, in 2nd Qtr 2005, 790 deeds were recorded while just 563 were recorded in 2nd Qtr 2006, a 29% reduction. The figures for condominiums were slightly worse. For the entire district, 570 condominium deeds were recorded in the 2nd Qtr 2005 while only 411 were recorded in 2nd Qtr 2006, a 28% decrease. In Lowell, 255 condominium deeds were recorded in 2nd Qtr 2005 with 171 recorded in 2nd Qtr 2006, a 31% reduction. Next Monday (July 3) we’ll issue a similar report for the month of June, the full 2nd Qtr, and the first half of the year, so check back then.