Yes it is; if you want to move up and can afford it.
All of us know that; "the best time to buy is when everyone is selling".
No matter how little you make on the sale of your current home, even if you have to pay to get out, now is the time to move up.
In 1993 I had helped a young couple with two small childern, in a two bedroom condo. I was their third Realtor to list the condo and finally broght an offer were they would need to bring $5,000.00 to clear title. Think of how that felt and what I needed to do.
In 2003 they had approx. $145,000.00 in equity when they sold their four bedroom. The condo equity in 2003 was approx. $40,000.00.
The move up in a down market was a great move for Kevin and Colleen and to this day we remain friends.
Is it time to make a move? Yes, if you are moving up and can afford it.