I was just thinking about this last week. My wife has been looking at houses in the bay. Four years ago when we still lived there and we were looking, it seemed like there were very few options available. We ended up leaving the area and moving to Pittsburgh (which has been great), but we're looking at places back in the bay and there seem to be so many more options today.
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Anecdotally, I see some price stagnation in SF, but I dont think it got any better long term.
Inventory is way, which I think is what the OP is referring to.
Yeah, Inventory is up which will hopefully lead to price drops. I've seen a few over the previous months but nothing that's extreme which does make it appear as simply stagnation.