I hear this all the time from buyers & sellers. If you buy or sell in a declining market you are buying & selling in a declining market.
The BEST time to BUY is when no one else is! Right now many buyers are waiting for prices to come down more or waiting for that perfect deal.
Now is the best time to buy with interest rates still low. More homes to choose from. It's a "buyers" market & those who have the ability to buy should DO IT NOW!!