As with any trend, you can tell how it takes a little time for the majority to catch up and start believing what our profession has been preaching for quite some time now. We all know that ever since last year, it has been quite the Seller's market down here in our area and I feel like now more and more Sellers are trying to "test the market" to see if their house can generate that lucrative bidding war that we see in certain situations.
Unfortunately, more of these listings that are hitting the market are creating an adverse affect and I find that many Sellers now are coming out with a heightened expectation of what their Home's value truly is and many feel that the home can almost sell itself (Look at how many more FSBOs there are now than before)
As far as Buyers -- my experience hasn't changed yet. I feel most Buyers still understand that when a good (well-priced) property comes out, it typically doesn't last more than a few days. But, I guess that's true in any market.
-- Thanks for starting the forum and I'd love to hear your experiences as well.