The available houses in Winchester, VA in April 2012 has risen to 582. That's a 7% increase in inventory over March listings. In contrast, the number of REOs and short sales have declined slightly.
Winchester City holds 112 of the available listings, down three from 
March. The number of REOs in April stand at 4 and short sales at 11. The March numbers are basically unchanged. March had 115 listings with 4 REOs and 11 short sales. Winchester has seen less movement than Frederick County.
Frederick County, VA has 470 active listings. Of that number, 33 are REOs and 43 are short sales. The March listings were 448 with 36 REOsand 45 short sales. Both REOs and short sales are down in the county. The overall number of listings has increased by 22, but the distressed properties are dropping.
The drop in distressed properties in the Winchester / Frederick County, VA area is a good sign that the local real estate recession may have turned the corner. The overall market is up, but distressed properties are down 5%. For homeowners who have been waiting on the sidelines to sell, this is good news.
For home-buyers who have been waiting for the market to hit bottom, this may be it. If you're thinking about buying a distressed property, now is the time. The inventory is starting to shift toward fair market listings, and when that happens, highly discounted properties will slowly disappear.
Available Houses in Winchester, VA - April 2012
All Listings in Winchester, VA - April 2012
REOs in Winchester, VA - April 2012
Short Sales in Winchester, VA - April 2012
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