What was New London's Real Estate Market Like in 2024?

Better Homes and Gardens at the Spelling Bee

Agents from our team participated in the Adult Spelling Bee this past weekend during the New London Winter Carnival! It was a great evening full of laughs and cheers while benefitting the co-sponsors, New London Recreation and New London Rotary Club.️ 

Ski Season Rental with Mountain Views!

SKIERS! Tired of commuting? This Danbury rental is now available through the ski season! $2,500/mo. + utilities. 4 BR, 2 BA home. Just 1 mile to Ragged Mt. with views of the slopes. Comfortable modern accommodations with open kitchen/dining/living room. 2 BR on main floor, 1 BR on second floor, and additional BR plus large family room on lower lever.

The tale of 2024: a lack of availability, affordability

The year-end housing market report provided by NHAR

"The year-end median price of a single family residential home in New Hampshire was $514,000 in 2024, ending a year characterized by low inventory and record-low affordability.

NEW HAMPSHIRE MONTHLY INDICATORS

The $507,000 median price in December was the highest ever for the month and the 59th consecutive month of year-over-year price increases in New Hampshire.

As a result, the NHAR Affordability Index remained historically low in December, at 59. It means the median household income is just 59 percent of what is necessary to qualify for the median-priced home under prevailing interest rates. Just five years ago in December, the Affordability Index was more than double that, at 131.

The number of homes on the market in the state increased modestly over the course of the year, and the 1,549 for sale at the end of December marked an 8 percent increase from a year prior. But that's still just 1.5 months' supply of inventory – meaning the time it would take to sell off the current housing stock at the most recent pace of sales – roughly a quarter of the 5-7 months that is considered a balanced market. It's been since October 2016 that New Hampshire had as much as 5 months' supply.

For NHAR's full slate of market data, including our Monthly Indicators report and detailed county- and town-level reports, visit our FastStats landing page. To create your own customizable and brandable market reports, visit NHAR's members-only InfoSparks page.

 Questions? Please email Vice President of Communications and Member Engagement Dave Cummings (dave@nhar.com), or call 603-554-7855."

Source: This was published by New Hampshire Realtors eNews on 1/27/2025. No link on website, so copy and pasted from email. For more information, visit: https://nhar.org/

New Listing in Bradford!

116 Pleasant View Road, Bradford, NH 03221 | Offered at $300,000 | MLS #5026981

Nestled in a peaceful, rural setting on one of Bradford’s most scenic roads, this 2-bedroom, 1-bath rustic cottage offers the perfect refuge from the hustle and bustle of everyday life. Step inside to find a cozy, inviting atmosphere with oak and pine floors and pine tongue-and-groove walls that enhance the home's natural appeal. The spacious 3-season porch is a standout feature, providing the ideal spot to enjoy the surrounding beauty. Outside, the tranquil sound of a gentle stream adds to the serene environment, making this home an idyllic sanctuary. Sellers have done updates to the kitchen and bath, installed a new septic system, put blown-in insulation in the attic & more. Whether you're seeking a weekend getaway or a year-round haven, this cottage offers the perfect blend of home and nature. Embrace the charm of country living in a location that offers the timeless allure of a simple retreat.

Open House on Saturday 1/25, 11am - 1pm with agent Deb Rees. Open House is weather dependent - please check with Deb if the weather is bad. DELAYED SHOWINGS until open house.

For More Information Contact:

        

Donna Forest

Associate Broker

M 603-731-5151
donna@donnaforest.com

A Look at 2024

This past year we continued to see rising prices and low inventory, making it challenging for buyers. The good news is that inventory has increased and closed sales for the year were up 3.6%. The number of homes for sale in NH in December was 1549 homes, up 7.9% compared to 2023. Not enough to accommodate the demand and the need for housing, but it’s a step in the right direction. With only a 1.4 month supply of homes to sell, it still is a seller’s market (a balanced market has a 4-6 month supply). Since demand exceeded supply, this pushed the median sales price of a home in NH to $514,000 – a 9.4% increase over 2023.

Looking closer to home, the combined sales for Newbury, New London, and Sunapee followed a somewhat similar trend. Sales were up 25% from the year before with 158 homes sold vs.126 in 2023. The average days on market was 34 days and the median selling price was $662,500, up 2.7% from 2023. 

Whether buying or selling, contact me to find out how low inventory and increasing buyer demand impact you.

        

Donna Forest

M: 603-731-5151
donna@donnaforest.com
Follow her on Facebook

Are you thinking about selling? Winter is actually a great time to sell!


Our goal is to ensure that your real estate experience with The Best Team in Town surpasses all expectations! Get in touch! We’d love to make YOU our next success story!


Winter can be the perfect time to buy and/or sell a home in NH!

Though many view spring as the ideal time for selling and buying homes, there are compelling reasons to consider listing and purchasing properties during the winter months in New Hampshire.

For Sellers:

  • Motivated Buyers: Winter buyers often have urgent needs, like job relocations, that can lead to quicker sales.
  • Less Competition: Fewer homes on the market mean your home stands out more.
  • Cozy Appeal: Winter in NH allows sellers to highlight the warmth and coziness of their home, making it inviting and appealing. Features like a fireplace, good insulation and efficient heating can be highlighted.

For Buyers:

  • Serious Sellers: Sellers in the winter are often motivated, leading to better negotiation opportunities.
  • Less Buyer Competition: Fewer active buyers means less competition, potentially giving better selection of homes without the multiple offer situations common in peak seasons.
  • Winter Ready: By viewing homes in winter, buyers can gauge how well a home handles the cold — whether it’s adequately insulated, how effective the heating system is, or if there are drafts.

Buying or selling a home in New Hampshire during the winter months might seem unconventional, but it offers unique advantages that can benefit both sellers and buyers. With the right perspective and the help of a local real estate expert, winter can be an excellent time for real estate transactions in the winter wonderland that is New Hampshire!

If you’re thinking of buying, selling or renting, Deb has you covered!

        

Deb Rees

M: 603-454-8380
deb@bhgmilestone.com

Local Events this Week!

Are you looking for events to go to this week? There are a lot of fun local events to check out! To stay updated about recent events check out the community calendar on our website!


JANUARY 14th

Nature Exploration Story Time - Snow! Snow! Snow!

10am - 11am
LSPA Center for Lake Studies, Sunapee Harbor, NH

"Come join LSPA educators at the Center for Lake Studies to explore the natural world. Each Tuesday morning will be filled with hands on learning through sensory experiences, guided exploration, creative play, art, and music. LSPA’s story time is designed for young children and their caregivers. Come to one session or all - each program is organized around a different ecological theme. Come join the fun! This Tuesday morning we will be exploring snowflakes, the properties of water, and why snowflakes are so unique!"

For more information, visit: LSPA

Sources: LSPA website


JANUARY 16th

The Flying Goose Performance

Starts at: 7:30pm
40 Andover Road, New London

Featured performer: New England Bluegrass Band

Tickets: $25
Reservations required

"Playing on the main stages of major Bluegrass festivals around New England, European World of Bluegrass. (Netherlands, Germany, Switzerland and the UK) Led by frontman Cecil Abels, a native of Mississippi, a powerful vocalist and rhythm guitarist who was brought to the region courtesy of a career in the U.S. Navy. Cecil aka “Mr Sippy” has assembled a crackerjack band that has opened and shared the stages with the giants of the music, including Del McCoury, Ralph Stanley, Doc Watson and many many others. The band plays original songs and exceptional songs from a deep well of bluegrass and Americana. It’s just a fun group to spend the evening with!" 

For more information and to buy tickets, visit: The Flying Goose

Source: The Flying Goose website


JANUARY 18th

Charlie and the Chocolate Factory

Starts at: 2pm
Claremont Opera House

"Starring students from Bluff, Disnard and Maple Ave Schools."

Tickets must be purchased at the door. No Box Office.

For more information, visit: Claremont Opera House

Source: Sunapee Happenings email


The Livery Winter Concert Series

Starts at: 6pm
58 Main Street, Sunapee Harbor

Featured performer: Jack & Tim

"Jack and Tim Goodacre are a father and son singing duo from Norwich, England. They were first seen in 2018 when they received Simon Cowell’s Golden Buzzer during their audition for Series 12 of Britain’s Got Talent. Making it all the way to the Finale and ultimately placing 8th. Since then they have toured extensively throughout the UK, Europe and The United States." 

For more information, visit: The Livery

Source: Sunapee Happenings email


JANUARY 19th

JOSA Jazz Performance

Starts at: 4pm
6 Clubhouse Lane, Eastman, Grantham

Featured performer: Amanda Carr

"A favorite and long-time veteran of the JOSA stage, Amanda Carr is a multi-faceted singer, musician, performer and writer who continues to creatively energize and inspire." 

For more information, visit: JOSA Jazz

Source: Sunapee Happenings email


JANUARY 20th

HuManities Mondays: A Decade of Intentional Framing at the Harvard Art Museums

Starts at: 6:30pm
428 Main St., New London

RSVP to info@cfanh.org, as space is limited

"Allison Jackson is the Associate Conservator of Frames at the Harvard Art Museum’s Straus Center for Conservation and Technical Studies and is the owner and lead conservator at Allison Jackson Frame Conservation & Gilding in central New Hampshire. Her presentation is about the ways she goes about reframing artworks at the Harvard Art Museums, which covers over a decade’s worth of work and includes a 13th c fragment of an Italian altarpiece, early Netherlandish, Italian Renaissance and Baroque art, a 19th c British artist designed frame, early 20th c American tromp l’oeil works, John Singer Sargent’s oil sketches, Edward Hopper watercolors, historic frames for German Expressionist works, strip frames for modern works, and many more."

For more information, visit: Center for the Arts

Source: Center for the Arts email


JANUARY 21st

Nature Exploration Story Time - Antlers Forever

10am - 11am
LSPA Center for Lake Studies, Sunapee Harbor, NH

"Come join LSPA educators at the Center for Lake Studies to explore the natural world. Each Tuesday morning will be filled with hands on learning through sensory experiences, guided exploration, creative play, art, and music. LSPA’s story time is designed for young children and their caregivers. Come to one session or all - each program is organized around a different ecological theme. Come join the fun!  This Tuesday morning we will be exploring the mighty moose, its adaptations and how it copes with the cold."

For more information, visit: LSPA

Sources: LSPA website

6 Tips for Winter Showings

Now that winter is here, it brings a new set of challenges for sellers. Here are a few common sense tips to follow.

  1. Make sure your driveway is always plowed and entryways clear.
  2. Keep walkways and stairs clear of snow and ice.
  3. Set thermostat in a vacant house to at least 55 to 60 degrees. A warm house holds more appeal and buyers will take their time looking. If a home is cold, buyers will rush thru and it leaves a negative impression.
  4. Put a large, heavy-duty rug in front of the door used for entry to provide space for buyers’ wet boots.
  5. Let in the light. Push back drapes, open blinds, install higher wattage bulbs.
  6. If you have great summer photos of the yard, leave them out for buyers to view.

If you are looking for an experienced Realtor with the common sense to help sell your house in any season, then give me a call!

        

Donna Forest

M: 603-731-5151
donna@donnaforest.com
Follow her on Facebook