Good question. There are several factors to consider before you know that it is a good time to buy property. One, what is your purpose for buying? Is this for personal use or for investment?
If it is for personal use and your need is immediate, then you have to buy a property right away. If it is for investment, then you have to buy only if it is a good deal.
I recommend you read this article that I come across with in Yahoo online. See http://finance.yahoo.com/news/Is-It-a-Good-Time-to-Buy-Real-usnews-325083932.html?x=0 See questions you should ask yourself before you buy. Go check it out!
For listings, please check out my website: http://www.phil-realestate-choices.com