Yes, the folks who know will say this is a "buyer's market", based on the demand and the inventory. To me, that sounds as though it is a market which works against the seller, which I don't accept.
First of all, most sellers are buyers too, so, it is a matter of where they sit at any given moment. Even if the seller is not going to turn around and buy, this market works for them, as it does for the buyer. The interest rates are so low that the buyer is encouraged to actually purchase a property; the seller has a motivated, qualified buyer...a wonderful thing wherever you sit at the table.