There is, in fact, a "spring forecast barrier" for this phenomenon, with very little skill during the late winter and spring, but greatly increasing skill from June forward in predicting the character of the next winter.
El Nino and its opposite sibling, La Nina, have a substantial impact on the nature of our winter weather, with El Nino "weighting the dice" for warmer conditions with less snow.
The key parameter used to keep track of El Nino/La Nina is the sea surface temperature anomaly (difference from normal) in the central tropical Pacific (the Nino 3.4 region, see map). When sea surface temperatures are .5C or more warmer than normal in that region, we term it an El Nino, between .5C and -.5C Neutral, and when more the .5C colder than normal, La Nina.
As you can see in the next figure, there were below-normal temperatures last fall (La Nina), which switched to warmer than normal conditions during the spring leaving us in marginal El Nino conditions.
The latest NOAA Climate Prediction Center forecast for this winter (see below) is for equal chances of El Nino and Neutral conditions.
And the recent ensemble forecasts of the NOAA CFSv2 seasonal ocean/atmosphere model projects that conditions will cool towards Neutral conditions this fall.
So what is the bottom line? We are unlikely to have La Nina next year. Similarly a strong El Nino is not in the cards. A weak El Nino or warm Neutral conditions is most likely.
For the Pacific Northwest, this suggests we might expect a normal snowpack next winter, but not as bountiful as this year. But keep in mind, the El Nino/La Nina connection only explains about a third of the year to year variability in our weather.