One can wait for a real estate market reversal if you are not in a rush. However, trying to time the real estate market is difficult for anyone from amateurs to professionals. How many home buyers got caught up in the real estate investing frenzy before the 2008 financial crisis? Even multinational banks were not able to anticipate a real estate bubble, and went bankrupted.
Instead of waiting, it makes more sense to look for a better deal that fits your budget without putting your life and life events on hold. Maybe somewhere 15-30 minutes outside the city becomes an affordable option to suit your new life as you get married and have children.