Surprisingly it is a seller's market right now under about $500,000. There is a shortage of simple equity sales for buyers to buy. The market is clogged with short sales which are becoming harder and harder to close efficiently. There is a shortage of foreclosures actually on the market ready to sell. This may change.
If you are thinking of selling and have equity in your home, this may be as good a time as any for the next couple of years.
The bottom seems to be here and there is competition for the equity sales that are for sale.
If you are selling to move UP in price, you are in the ideal position as the higher in price you go, the "softer" the market becomes and the better the deals.
It is worth a thought and if you are thinking of moving UP market in the next year or two, think hard about starting the process now before the upper end of the market recovers.
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