Austin housing market update: May 2013
Central Texas home sales continued to rise in May, as volume rose 29% over the last year — a record for May.
Local real estate agents say that multiple offers are common in the current market as housing demand continues to outgrow supply. Homes spent an average of 44 days on the market in May.
Some local real estate agents say the frenzy could be tapering off as mortgage rates start to rise.
Local agent Peach Reynolds said that “a few months ago, you could get a 30-year fixed rate at 3.25 percent. Today it’s about 4 percent, which is a big difference.”
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About Jenkins Custom Homes
Jenkins Custom Homes is a Design-Build Custom Home Builder in Austin with 20+ years experience & numerous awards, including Texas Custom Builder of the Year, twice. Known for their almost fanatical emphasis on the science of building a home (i.e., using scientifically proven methods with only the highest quality materials), their white glove all-in-one service focuses on taking care of everything. From the home, pool, landscaping, even the driveway, starting with lot selection and then moving through design and finally construction, every detail is handled with care by a Jenkins team member. So, there is only one point of contact and one phone call to make…”Hassle-free, efficient, and fun,”–that’s how clients describe the process.
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