It's very common in YA, but was extremely rare a decade ago.
I can think of a handful of exceptions where the whole story itself is narrated from the perspective of someone telling a story, but those are notable exceptions for having a weird narrative gimmick (e.g. the excellent but dated Icehenge is written in the past tense because it consists of personal diary entries).
Good storytelling just pulls you in. Our brain fills in the rest.