Hi Fanyan- The last 2 years is important, but not as important as the next 2 years...
Here's some generic info on what might happen in the next year around Portsmouth:
In general, the condo market "in town" here I think is pretty strong, compared to many other areas. 2 Brs always a little better than 1 BRs.
FHA and Fannie Mae have gotten a lot harder on condos- so make sure the place is already on the approved condo list OR that it will qualify. It needs to be in good shape with low delinquencies, and not a huge investor/tenant concentration.
If you need any further help, please let me know. Thanks, and good luck,