Real Estate Trends in Winchester, VA – November 20, 2012

The Winchester VA real estate market has added 43 new listings from November 11 through November 20, 2012.  That’s 9 more new listings since the first 10 days of November.  The total number of listings available is 468, down 10 from the beginning of November.

The make-up of the new listings for the middle of November is 7 short sales, 5 foreclosures and 31 fair market properties.  Distressed properties make up 17.8% of the new listings.  That number is down from the 33% new distressed property added in the first 10 days of November.  That’s a good trend indicator for the local market.  Fair market listings are starting to become the norm, while distressed properties continue to decline.