The Winchester, VA real estate market has made a steady climb during the first six months of 2015. The lowest number of sales were during the months of January and February which had cold and messy conditions.
The first sign of Spring brought buyers into the market with a 28% jump in real estate sales in March. April made a minor jump of less than 1%, but another substantial jump took place in May at 18%. The largest jump took place in June at 35%. That’s the kind of change the Winchester, VA real estate market has been looking for.
Distressed sales continued to average 9% throughout the first half of 2015. That’s good news for sellers, but it is less exciting for bargain hunters. There are bargains still factored into the local market, but they are becoming less likely to be from distressed sales and more likely to be from individual opportunities through individual sellers.
I’ve been hesitant to say the market has turned around and it is healthy again, but I think at this point, I can safely say all current data is finally pointing in that direction. If the trend continues, both buyers and sellers have reason to enter the market with positive results in mind. It has been a long slow slog from September 2008, but brighter days appear to be ahead.