The questions of every seller
The "average market time" is tough to say... as every price range is different and it's also different depending on area. The time that it takes is largely affected by price. The average market times are as follows....$200k-250k = 3mos. $250k-400k = 5mos. $400k-600k = 8mos. $600k+ = 1yr.+
Again, every city is different depending on the availability of homes in the specific price range. The law of supply and demand still exists.
Your neighbor could be experiencing the affects of poor marketing or a poor market, but in my experience, in this, and other markets, it's always a function of price. If you sit at the wrong price, you will, in the end, receive less money for your home.
It's a tough aspect of the current market for many to swallow. It's crucial to be priced for our current market.
It is a good time to sell as long as you are certain that you are getting the house that you are buying at a WONDERFUL bargain and that the price you are selling for is reasonable. Rates are GREAT and prices are down. There is no better equation for a move in real estate.