The entire Winchester real estate market saw the trend of low inventory continue in April, according to The Long & Foster Market Minute reports. The greater Winchester, Va., real estate market includes Frederick, Shenandoah and Warren counties and the city of Winchester. The Long & Foster Market Minute reports are based on data provided by Metropolitan Regional Information System and its member associations of Realtors and include residential real estate transactions within specific geographic regions, not just Long & Foster sales.

In April, median sale prices varied in the Winchester region, with Warren County experiencing an increase of 20 percent and Frederick County seeing an increase of 13 percent compared to the previous year. The median sale price fell by 14 percent in Shenandoah County and it fell by 15 percent in Winchester City.

The number of homes sold also varied in the Winchester region in April compared to the same month in 2015. Shenandoah County saw a 64 percent jump, while Frederick County experienced a 16 percent increase. Warren County experienced a 14 percent decrease in the number of homes sold compared to last year and Winchester City experienced a 25 percent decrease.

In the Winchester region, active inventory decreased by 15 percent in Shenandoah County and by 14 percent in Frederick County. Warren County saw a 10 percent drop when compared to the same month the previous year, and in Winchester City inventory declined by 8 percent.

Homes in the Winchester area are continuing to sell at a steady pace according to April data. Winchester City saw the lowest days on market (DOM) average at 47 days, followed by Warren County at 65 days and Frederick County at 78 days. Shenandoah County had a DOM average of 136 days.

“Low inventory is causing frustration for many homebuyers but we are continuing to see some positive trends otherwise, including in the Winchester region,” said Jeffrey S. Detwiler, chief operating officer of The Long & Foster Companies. “Many are seeing home prices increase, which is excellent for those looking to sell, new home sales are high and home improvement stores are reporting strong earnings. With mortgage rates continuing to remain low, we anticipate the market will remain healthy as we move into summer.”

The Long & Foster Market Minute is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each area’s units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. Featuring reports for more than 500 local areas and neighborhoods in addition to more than 100 counties in eight states, The Long & Foster Market Minute is offered to buyers and sellers as they aim to make well-informed real estate decisions.

The Long & Foster Market Minute reports are available at www.LongandFoster.com, and you can subscribe to free updates for the reports in which you’re interested.    Information included in this report is based on data supplied by MRIS, which is not responsible for its accuracy. The reports do not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of MRIS or Long & Foster Real Estate.