Market slowdown question?

[Austin Owens]

I have a ge real question that has been asked probably a million times on here, but I cant find a clear answer for my situation. I live in southern oregon. Middle class 3bd 2 bath houses average 280-305k ish. We bought our house in 2015 so we have a significant amount of equity and want to upgrade. My plan is to sell now and rent for a yr or so. This will let us pay off some student loan debt and still have money for a big down payment later. The market has been high, but have seen a lot of price drops and houses being on the market longer, so to maximize my equity it seems like now or never. Could I speculate that the market will go down/correct enough for it to be worth it to rent? I've done a descent amount of research, but arguements for both sides make sense to me. Any info helps thank you