According to the December 2010 Economic Outlook released by Fannie Mae’s Economic & Mortgage Market Analysis Group, improvements in consumer spending & confidence, increased demand for goods & services, and falling unemployment claims are all positive factors pointing to a housing recovery going into 2011. Fannie Mae’s Chief Economist Doug Duncan says, “We expect modest increases in home sales, despite recent interest rate rises, due in part to modest additional declines in home prices, and we expect people to take advantage of affordability as their employment and income outlook brightens.”

While total home & condo sales in *9 area towns for 2010 were about the same as in 2009, with a slight decrease in the median selling price, Springfield, Wilmot and Bradford all saw increases in their sales numbers – encouraging news for our market area!

Sold Listings Median Selling Price  Ave. Days on Market

2010 261 $236,500 175

2009 257 $245,000 158

*Andover, Bradford, New London, Newbury, Springfield, Sunapee, Sutton, Wilmot, Warner

Donna Forest, ABR

Broker Associate