Sell now or wait a year?

Hello there. Are houses selling in Nanaimo these days? Would you hold off a year if the money wasn't required asap?

So my folks have come to an age where living in a 2 story house no longer makes sense and are moving to a 1 level rental. Now I'm trying to understand if it's a good time to sell or if the house should be rented out for a year or two? There's a trusted person who will rent it for the next year if we go that route.

I haven't lived in Canada for over 5 years. My understanding is that the markets been slow due to interest rates but that's changing?

Looking online I don't see a lot of listings so I'm wondering if holding off for a bit is a smarter call.

Its a nice family home in north Nanaimo near the Black Bear pub if that still exists. There's no mortgage.

Thanks