Should I wait to buy a home here in Miami?

Me and my wife have been considering buying a home for the past year. We currently own a condo with a 2000 dollar mortgage including HOA and 2.75 rate. We have been looking at areas like Palmetto Bay/south Miami and killian East Kendall area. We were dead set on doing it with a budget of around 1.1 max 1.2. We are both w2 employees no kids and make about 325k a year combined. The market seems like a buyers market right now and honestly not sure how long it will stay that way. My question is would it be smarter to just see how things play out? It seems like if we wait a little more it can be a big difference. We wouldn’t be selling our condo just renting it out. Any feedback would be appreciated.

** forgot to add I’m exempt from property taxes due to VA disability