It’s all perspective. If you are selling a home for $400,000, and you bought it for $200,000, then you did allright. But if you paid $425,000 a year ago, after closing fees on both ends, then the market stinks.
If you are trading up to a home which you are paying $400,000 for, which may have sold for $430,000 a year ago, how bad is that? You just saved $30,000 !
It’s all perspective.