Many home buyers look to buy a home in a down market. However, selling a home as the market may slide can be very slippery. Not all markets are alike in their current activity. Even with all of the national talk of rough times for real estate related transactions some local markets are strong and thriving. There is no easy answer indicating whether or not to sell.
The best option is to look at your local market. For example, in Las Vegas, the economy remains strong. Job forcasts are very optomistic. Builders are anxious to sell homes. While the resale market is very saturated buyers are in a real winning position. The motivation for selling a home in Las Vegas at this point should be need based and not necessarily fear based. The best thing to do is work with a professional real estate agent who can assess your needs and present all of the factors so you can make an educated decision.