That is the most frequently asked question asked by potential home buyers and sellers in Columbus, Ohio.
The truth is, there is no "one answer" for everyone in this market. If you owe close to what the market will bring for your home, but you are managing your payments, then maybe you should hold out on that move.
If you have to move for a job, family situation, etc., then you may lose out on some of what I like to call "ghost equity" that everyone was accumulating until recently.
The good news is that you have an opportunity to get a reasonable price on the new home, not to mention a low interest rate on the new mortgage.
Columbus Realtors Statistics.
A lot of people (Real Estate Agents and non-agents) feel pretty good about the Columbus, Ohio market, for now. The numbers seem to show that we are back to the average sales prices of around 2003 and 2004.