Even if (and a very not plausible if) prices don’t even drop very much in that area from here on out, there certainly isn’t any pressure for increased prices anytime in the near future, so you really have no reason not to wait.

Worst case: Prices remain flat for a few years and you have more money saved and can buy at the same price without having wasted any money on maintenance, etc.

Best (likely) case: Prices drop during the next few years, you have more money saved, and you can buy that house at quite a discount or a bigger house for the same amount of money.