Is it a good time to Buy? (in SF Bay Area)

If you are buying it as an investment, then I would say hold-off bit longer.. even though prices have softened, the rent to value ratio is still low. But, if you are looking for a primary residence, getting squeezed by rents, your job profile is strong, then yes, this is a very good time.. We are seeing more choices, willing sellers are open to taking offers as they come..