If it was 2009 when the market was crashing, that might make more sense.Second, drill down on what that "valuation" was. 

Since the housing crash there are new laws concerning who can order appraisals, etc. so that there's some separation between brokers, lenders and appraisers, and you need to get familiar with those laws, in many states Brokers/agents are banned from ordreing appraisals.

I have read on the internet and from few other people that it is not the right time to purchase a property as there is a prediction going around about market crash.

In your 20s go for the stocks, you can earn more to off set the risk if it crashes, but as one gets older the advise is to move out of stocks to bonds, then as one ages more, to more further from stocks, some away from bonds, and get into cds as a larger holding. 

Who cares about a market crash!

This will also allow for strong cash flow on your properties.Keep in mind most of the investors you will meet and talk to have made money over the last 10 years and can't remember the crash of 2008.First rule of investing Don't ever lose money. 

Retirees like myself are advised to have a couple years of living expenses set aside in cash savings so we don't freak out if the markets crash.

It's a market that I don't ever see crashing - and the rental market is extremely strong as well.

Note: softness doesn't mean a crash -- it just means that there are fewer offers accepted within the first few days.

The Product will always be out there, it's definitely harder today, than it was after the 2007 crash.