I am not sure Obodden if you're still around but here is my 2 cents.
I guess we don't know enough about your total financial picture to help you come to a decision. All I can say is this: You are young and you have come across a deal that appears good. Do not buy for the sake of buying! Have you been pre-approved for a mortgage? Also, keep setting aside money regularly for a downpayment. RE prices are not gonna bounce back tomorrow, or next month, or...heck, I have no idea. My point is, you may be tempted to jump at this opportunity because it looks too good to pass up, and perhaps you are afraid if you don't buy now, you will be priced out when RE prices go back up.