In the areas I have been looking in, RSF/Santaluz, I have not seen a lot of new inventory hit in my size/price range this past month, which is surprising. All the homes I have gone after have either sold to other buyers or are holding strong at their asking prices. I wait patiently to see if any of them fall out of escrow or drop their asking price.
I will be listing my own home next month so I will have a perspective of both buyer and seller. Should be fun.