Look at inventory levels and sales and pending sales. What stands out is we have buyers though not the inventory needed to satisfy the needs. Incredible! I believe 2012 is going be dramatically better than 2010 and 2011. The numbers reveal the health of the Austin metro area:
Sales up 11% compared with December 2010 against 19% fewer listings (nearly identical to November data)
Pending sales up 12% in the same period
Inventory at a low 4.1 months - a balanced market is traditionally at 6 months
Seven consecutive months of vast improvement over 2010 numbers
Standby for the 2011 recap. Should have it up this weekend.
Same position as the past few months, Austinites: If you are planning to sell a home in the area, get it listed today! The activity I've witnessed in the first few weeks of 2012 shows no indication of slowing down.