It sure seems that way! I think with the current moratoriums on foreclosures in effect there are very few "normal" listing coming on the market. By that, I mean that most of the new listings are either short sales or foreclosures. The banks are sitting on an awful lot of foreclosures these days and no one is really sure when they will start coming back on the market. In the meantime, if you have a diligent buyer's agent working for you, he/she should be checking the MLS for new listings at least once or twice a day.
Hang in there, hopefully we'll see more new listings in the coming months!