Like everyone is saying, it is a buyer's market. That's not to say things not may go down a bit more, but we have seen a steady leveling off of prices in the real estate market. Interest rates are as good as they have been in recent history, plus the government is offering wonderful incentives to home buyers till June 30, 2010.
So, with that said, yes it is a great time to buy. Is it a great time to sell? That depends on each person's situation. If you sell your home in Avondale now and take a little less than what you could have a couple of years ago, just remember you will be more than likely getting a deal on your next home as well. So, many times, it does even out.
I hope this answers your question, albeit briefly. If you would like to discuss your particular situation and your options, please feel free to give me a call or drop me an email. I'm more than happy to help! Look forward to hearing from you!
Watson Realty Corp
12710 San Jose Blvd
Jacksonville, FL 32223
(904) 327-2765 Direct