This might not be the most enthralling New London entry on YouTube in terms of visuals. What you see in that screenshot is pretty much what you get, as realtor Quincy Clayton lists several predictions for the 2012 market. But the subject matter is still interesting, especially given the state of the region's housing market.
According to the Norwich Bulletin, Connecticut had the worst home sales of all of New England in 2011 and single-family home sales were down 8.4 percent from the past year. This region of the state was even worse off, with a 12.1 percent decrease in those sales in New London County.
Clayton is one half of the Clayton and Rossi real estate team, itself part of RE/MAX; the duo sells properties in New London, Groton, Mystic, Ledyard, Waterford, and beyond. According to the Worcester Business Journal, RE/MAX itself is predicting a stable market year. Their New England Housing Market Outlook Report predicts no major dips or increases in the real estate market.
Clayton is a little more detailed, and his predictions raise both concern and a bit of optimism. They include the forecast that short sales and foreclosures are likely to dominate the market, especially in cities like New London, and that tenants' rents may increase. However, he also suggests that housing prices will be stable and that their will be both increased sales over the 2011 numbers and a reduction in foreclosures by the end of the year.
For more information on sales in New London, check out the week's roundup in , which posts every Thursday at 1 p.m.
