Over the past couple of months, the Austin and central Texas areas have had more rain than I can ever remember, and I have been here for about 20 years. This seems to have delayed the summer rush by about a month or so, since we had fewer buyers travelling to the area during the heavy rains, and local home buyers weren't driving around looking as much either.
http://www.kvue.com/news/top/stories/021207kvuecondos-bkm.7988bfad.html
It's been amazing to watch the growth in downtown Austin since I moved here in 1988. There are approximately 1200 new condo units that are coming online in the next 2-3 years.