Hamilton Herald Masthead


Front Page - Friday, July 17, 2020

Register of Deeds office reports increase in real estate transactions

The Hamilton County Register of Deeds reports increases in all real estate transaction areas during fiscal 2019.

Marc Gravitt, Hamilton County register of deeds, says, “Despite facing the COVID-19 pandemic, job furloughs and the downturn in the stock market, the Hamilton County real estate market remains very strong.”

During the recent shutdown, the Register’s office saw conveyance amounts (sales) increase from $174 million in April to $265 million in June – a $91 million increase.

“Fiscal 2019 totals also increased from fiscal 2018,” Gravitt says. “The conveyance totals for fiscal 2018 were over $2.7 billion, with fiscal 2019 being just over $3 billion – an increase of almost $300 million.”

Gravitt says the trend is continuing in July, with almost $109 million in conveyance totals and over $145 million in mortgage totals in eight days.

“Extremely low interest rates had a tremendous impact on refinancing,” Gravitt adds. “Fiscal 2018 mortgage totals were over $3.7 billion, compared to fiscal 2019 totals of over $4.8 billion in new mortgages, which is a $1.1 billion increase for real estate mortgages in Hamilton County.”

Source: Register of Deeds