November is Time for Gutters, Leaves, Lawns, & HVACs [[+]] Austin Area Real Estate Home Prices Stabilize, Inventory Inches Toward Balanced Market: Chuck Farr’s November 2022 “Talking Real Estate” ENew

Posted by Chuck Farr on Thursday, November 17th, 2022 at 1:45pm.

November is Time for Gutters, Leaves, Lawns, & HVACs [[+]] Austin Area Real Estate Home Prices Stabilize, Inventory Inches Toward Balanced Market: Chuck Farr’s November 2022 “Talking Real Estate” ENewsletter

 

Hello again, homeowners, tenants, prospective buyers, and real-estate investors! In the news,the Austin Board of Realtors says that in October, “sales dollar volume fell by 24.6% to $1,346,229,031 as new listings declined 13.1% to 3,255 listings across the MSA. The median price increased by only 4.9% to $474,990—setting a median price record for the month of October. Pending listings dropped by 40.0% to 2,141 listings and available inventory increased by 2.2 months to 3.2 months of inventory. Homes spent an average of 47 days on market, up 26 days from October 2021.” Remember that historical guidelines tell us that 6 months of inventory indicate a “balanced” market—so we are still in a sellers’ market. (Check the [[“Talking Real Estate” Monthly Enewsletter]] for all the market details; it may take a few seconds to load.)

Fall Home Maintenance Tips: Fall is here--and has its own home maintenance checklist in Central Texas. Here are a few items to consider during November:

  •       Outdoor Tasks:

o   Plant and fertilize. Fall is a great time to lay down some good fertilizer on the lawn, plant trees, bushes, and perennials; they will thank you for not planting them in the blaze of summer. Fall/winter planting allows the plants and their roots to dig in before next year.

o   Rake leaves and shred to use as mulch or dispose of them based on local guidelines.

o   Clean gutters and downspouts after the raking season.

  •       Indoor Tasks:

o   Test smoke and carbon monoxide detectors if you did not already when you set clocks back.

o   Have furnace professionally inspected. If you are on a semi-annual HVAC maintenance plan, have your system serviced in the next couple of months.

o   We will remind you soon about switching the direction of your ceiling fans for the Winter.

Here is the [[Talking Real Estate Enewsletter]] with always-on links to trends in national, regional, and Austin area real-estate market news. You will also see some handy articles about home buying & selling, home maintenance, taxes, and other topics. In this issue:

  •       Austin Area Real Estate Home Prices Stabilize, Inventory Inches Toward Balanced Market (latest ABOR report)
  •       Design-it-yourself Decorative Fabric
  •       Guidelines for Safe, Clean Remodeling
  •       Don’t Trust Credit Reporting Agencies

Market Snapshots: I’m continuing to send some of my clients and contacts quarterly Market Snapshots of their neighborhoods just to let them see how their markets are doing at a high level. I have found that many people like to see what kinds of activity and prices are happening around their homes. If you are getting these reports and want to change how often you get them, just let me know. If you are not getting the snapshots and want them, give me a shout.

If you need more detailed information about the market in your own neighborhood or home, please feel free to reach out. I'm just a call, text, direct message, or email away and happy to give you a free comparative market analysis of your home and neighborhood.

View your current [[Talking Real Estate Enewsletter]] now.

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