There are segments of buyers that didn't capitalize on the tax credits and are still in the market to buy a house.  There are different reasons for this such as:

• They were tied to a lease during the tax credits.  I just got a call on one of my listings from some nice folks that have a lease up in November, and they are in the market to buy now. 
  
• They didn't have their finances or credit in order at the time.
• Maybe it wasn't the right timing due to the birth of a child.
  

The point is, as much as everyone would've liked to taken advantage of the tax credits last year and early this year, it just wasn't the right time for everyone.  So breathe easy sellers - people are still buying real estate in the Triad!