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You just missed a large sale over Black Friday, next sale should be in a few weeks which will be the "Winter Sale."
Lastly, you have the constant sales as well. The daily title sale (posted at 1 p.m. est lasting 48 hours), Mid-week madness sales (I think tue-thr @1 p.m.)), Weekend sales (thurs-monday @ 1 p.m.), Week long sales (Monday 1 p.m.-next monday @1 p.m.). Also publishers are free to make sales at any point they wish ( I believe the minimum length is 48 hours.
There can also be limited time trials of part/full games (free weekends usually ) and very rarely a game may be given away for a short period of time to keep forever if you start downloading it within that time window.
You may be interested in IsThereAnyDeal.com You can import your Steam Wishlist and set custom alerts when a game reaches a price you set from a variety of legit Steam (and other places like Origin or Uplay if you want) key retailers.