If you’re a domestic US wine lover, now is a great time to be buying if you have the space to store it.
:D
That said, American wine—and California wine in particular—has a bit of an IPA problem inasmuch as there is a lot of overpriced, overproduced swill being priced exceptionally high by international standards.
I feel for the wine growers, but as an avid wine consumer I'm looking forward to better deals.
I haven't noticed any retail wine prices stabilizing or decreasing, at least in the Bay Area. Napa wines are still exorbitantly priced, and imports are way the fuck more expensive due to tariffs.