It's still really varied. Despite the talking heads, our market here has been relatively stable. That said, prices have started declining/stagnating in the last few months. As far as if it's a good time to sell/buy, there's two scenarios. If you're buying up, it's a good time to sell. That's because if your 100k house has dropped 5% in value (for instance), you're out 5,000. But if the 200k one you have your eye on has also dropped 5%, you're saving 10,000 on your purchase, leaving you $5,000 ahead of the game.
Now if you're selling to downsize, not a great time. you'll lose more on your house than you'll save on the new one, typically.
DOM still varies by area and condition. Houses in Hot areas like Derby, upscale areas, West-side, BelAire, Andover, typically have lower DOM - 2-3 months average. The more updated, clean, move-in ready it is, the shorter the DOM. Since buyers have so much to choose from, the cream of the crop is getting picked.
I'd be happy to sit down with you and show you recent sales and activity in your area so that you can make a more informed decision. I promise you straight talk.
Fill in some info on my site for us to contact you if you want and we'll be happy to get you some information more tailored to your area and situation.