If there is much pent up demand in the market already, then I agree completely that it is price related.

Ninth consecutive week of gains and the highest volume in more than 11 years as the housing market continues to experience the release of unrealized pent-up demand from earlier this spring, as well as a gradual improvement in consumer confidence.Mortgage applications to purchase a home rose 4% last week from the previous week and a remarkable 21% higher than a year ago, according to the Mortgage Bankers Association.https://www.cnbc.com/2020/06/17/homebuyer-mortgage-demand-spikes-to-11-year-high-as-rates-hit-record-low.html

The SFH market has a lot of pent up demand that will come into play over the next 5 years. 

1) Low unemployment 2) Robust earnings at top tier tech companies 3) Upcoming IPOs 4) Pent up demand for housing in the Bay Area 5) Massive tax cut for corporations 6) Supply of housing vs Demand

Will buyers be out in droves before these pent up listings hit the market, or are all these listings going to hit the market before the buyers return?

If the pent up foreclosure situation is a backed up damn, it will likely slowly trickle, not come flooding in.

In my experience in the city and in Brooklyn, there has been a surge in listings after the lockdown lifted from pent up supply and people relocating.

It could be they are decent types of people, or they could have pent up anger at the bank. 

Lots of pent up demand in the market.

Developers see a boom for pent up demand because nobody was building when the market was frozen.