Yes, the real estate market may finally be heading in an upward swing!  Market predictions are estimating a 3% increase in the nationwide home pricing.  The most recent figures (Oct. 2012) from the NH ASSOCIATION OF REALTORS® show that the median sales price only dropped 1.2% YTD in 2012 and that the volume of sales is up 20%.

• According to a 12-26-12 article in the Wall St. Journal, home prices are on track to notch their first yearly gain since 2006.  They feel the tide has changed and that prices will start rising this year.
• On 11-28-12, Fiserv Case-Shiller reported that the 2012 spring/summer real estate market was the strongest since the peak.  They are projecting home prices to grow at an annualized rate of 3.3% from mid-2012 thru 2017.
• On 12-26-12, Pulsenomics announced the results of a survey with a nationwide panel of more than 100 professional forecasters and they expect home prices to rise 3.1% in 2013.  They predict that home prices will increase 3.1% - 3.3% thru 2017.

All markets are local so be sure to contact your REALTOR® to understand what is going on in your area.  Give me a call if you want to work with your local expert in the Lake Sunapee Region!  603-526-4116.

Donna Forest, ABR, Broker Associate