Under whelmed inventories

I sit patiently and await the amazing inventory selection that has yet to materialize. I've read about the comps on multi-million dollar properties and I am amused but, what about me? Where's the plethora of residences (2br+) priced under 1.5M? Sure there out there but, they are hardly memorable. We type to confirm each others aspirations and hopes but, WHEN DOES THE MOTHER LOAD ARRIVE? Is this how it's going to be? Dribs and drabs of slowly relenting sellers or is all hell going to break loose? What I'm after is knowledge of past RE markets under similar economic conditions. Feel free to pontificate.