What is going on with the vacant houses around Pickerington?

As many of you have noticed, there a quite a few vacant houses around town . Some of them have been vacant for well over a year, but they are not listed for sale. I have noticed the same thing, and what I have found is quite troubling. There is what appears to be a "shadow inventory" of forclosure properties that is growing in size. The banks that own these properties are not listing them. I am afraid that by the time they do put them out for sale, that it will flood the market with discount properties that drive house prices back down. I am keeping an eye on them, and we will have to hope they don't all come up for sale at once. If you are selling, it might be a good idea to sell it sooner, than later.