Upper Valley Housing Coalition Buff McLaughry & Ned Redpath Real Estate Market Update May 10, 2013

Agenda 1.Who is the market? 2. What is the market? 3. How is the market?

Who is the market? Population: Grafton, Sullivan, Windsor, Orange: 217,390 Upper Valley Towns: 78,152* Median Age: 43.3 years Median Income: Grafton: $53,000 Sullivan: $51,678 Orange: $52,407 Windsor: $53,129 *NH/VT: 25 UV Border Towns Piermont  Windsor Royalton  Orange Source: United States Census Bureau

Upper Valley Source: NH Employment Security, Economic and Labor Market Information Bureau

Lebanon

Source: NH Employment Security, Economic and Labor Market Information Bureau Hanover

Total # of housing units: 123,266 Total # of homes for sale: 3,348 Average listing price: $319,000 Average sale price: $209,000 Median sale price: $156,000 Area: Grafton, Sullivan, Orange & Windsor What is the market? Source: United States Census Bureau & NNEREN MLS

Distance to employment Source: NH Employment Security, Economic and Labor Information Bureau

How is the market?

Closed Unit Sales YTD 2013 *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

Total Units Sold Per Year *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

YTD New Listings *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

Number of listings at year end *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

YTD Average Median Sale Price *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

Year end median price *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

*Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS Year end listings <$300,000

Q sales <$300,000 *Towns used: Hanover, Lebanon, Norwich, Lyme, Thetford, Orford, Plainfield, Hartford, Grantham, Canaan, Enfield, Claremont, Hartland. *Source: NNEREN MLS

Summary YTD closed unit sales are up 15% YTD new inventory is flat (<1%) YTD median price is up 4% Inventory (<$300,000) is down 5.6% from 2011 Q1 sales (<$300,000) are up 58.3% from 2011

Confidence 30 year mortgage rate: 3.4% Confidence 15 year mortgage rate: 2.6% Confidence

THANKS!