The Austin economy is one of the strongest in the nation; however, it has succumbed to a slowdown following the national trend.
The interest rates are at historical lows. The problem that I foresee for the upcoming seasonal spike in activity is inactivity on the part of the buyers.
If you are in a financial position to buy, then you should do so, and quickly. This market trend will not last forever and it is a chance to make instant equity and perhaps recover a portion of your 401K that has been lost.
The real estate market is cyclical, I was active during the 80's decline and saw people make fortunes buying low and selling high.
I urge you to make the move today!