Local Realtor: Now is the Time to Put Your House on the Market

By: Amelia Nahmias Email
By: Amelia Nahmias Email

HARRISONBURG, Va -- National home prices are up for the eighth consecutive year. The year-over-year comparison for the month of November is expected to be up 7 percent. This is the largest increase in six years.

For Mauwia Danes, the housing market is nothing new.

"A second career for me, in terms of buying houses and restoring them and putting them back on the market," said Danes, a home seller.

The consistent increase in home prices over the past few years has helped, but there's always more to look forward to.

"Lots to be excited about in the housing market in 2012. We really saw in 2012 prices bottoming out. So prices are not falling anymore," said Kai Degner, a realtor.

Degner is trying to sell Danes' current project home and he thinks this is a good time to be doing so.

"If you're a seller, you can sell now without the fear of, hopefully, prices falling even more. So, now's a good time to put your house on the market. If you're a buyer, now's a good time to buy because prices are bottoming out, and they're going to start rising."

Danes still has a hard time selling and he said you have to be practical.

"There's an emotional attachment with homes. So with that, people think that the price level should be at a certain point, where realistically it's not," said Danes.

If you're looking to put your house on the market, the price range may affect how quickly it sells.

"The homes that are selling the quickest are actually homes priced between $200,000 and $250,000," said Degner.

Degner said Harrisonburg's home prices are pretty consistent, but some areas in Rockingham County are seeing some major changes.

"Bridgewater, Dayton, southwest Rockingham county area. That's where we've had the most significant price increase. Prices have increased 12 percent in that area this year."

It's a good time to buy and sell and Danes had some advice.

"From a seller's perspective, it's just a matter of finding the right match," said Danes.

A spokesperson for the Harrisonburg Department of Real Estate said with the last yearly assessment, home prices have gone down by about 1 percent. That's less than the previous assessment, but it is still on track with the national trend.

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