September is Time for Leaves, Lawns, Gardens & HVACs [[+]] Austin Area Real Estate Market Shows Normal Price Growth and Increasing Inventory, Continued Housing Stabilization: Chuck Farr’s September 20

Posted by Chuck Farr on Monday, September 26th, 2022 at 3:27pm.

September is Time for Leaves, Lawns, Gardens & HVACs [[+]] Austin Area Real Estate Market Shows Normal Price Growth and Increasing Inventory, Continued Housing Stabilization: Chuck Farr’s September 2022 “Talking Real Estate” ENewsletter

 

Hello again, homeowners, tenants, prospective buyers, and real-estate investors! Even real estate agents take a vacation now and then, so I’m getting a late start on the September issue after a memorable trip to the mountains and American Revolutionary War battlefields of New England.

In the news,the Austin Board of Realtors says that in August, “active listings in the five-county area skyrocketed 170.2%, causing housing inventory to reach 2.9 months – the highest inventory level since September 2018. Additionally, year-over-year home price growth was less than 6% for the first time since June 2020. The median home price increased by 5.5% annually to $496,039, setting a price record for the month of August while also indicating a normalization of home price appreciation that economists say is consistent with historical norms.” Remember also that historical guidelines tell us that 6 months of inventory indicate a “balanced” market—so we are still in a strong sellers’s 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 September:

  •       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 when you set clocks back in the Fall (early November this year).

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.

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 Market Shows Normal Price Growth and Increasing Inventory, Continued Housing Stabilization: Housing Inventory Reaches Highest Level Since September 2018 (latest ABOR report)
  •       Best Places to Raise a Family
  •       Five Ways to Discourage Burglars
  •       Homebuyers Catch a Break
  •       How NIMBYism Stunts Housing Growth

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 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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