Someone asked me today if now was a good time to buy a home. They explained that they were worried by the slow housing markets in most areas, and asked if it would slow down more before it got better. The answer, I don't know, all I know is that there are a lot of people who are buying homes right now, and they are very happy with their choice. One thing that is making buyers happy right now is the wide selection of homes to choose from. With the large number of homes on the market it allows buyers more choices instead of only having one or two homes that fit their needs.
As far as predicting the future, I don't have a crystal ball, and I don't know anyone who does. Remember, a house is a great long term investment. If you plan on only living in a home for a year then you most likely shouldn't buy no matter what the market is like. The Toledo market has never made great gains or losses in a single year. It is a slow and steady market that gradually increases over time.
To answer the question again. Is it a great time to buy? I don't know, I only know that there are a lot of people buying right now, and they are really happy in doing so.