What I see playing out. I believe that with realators under pressure to get listings and create activity (not necessarily productivity)sellers are still pushing them to lsit high or they will walk.
What eventually happens is that the listings will expire. Newer agents who felt pressure to list will begin to exit the industry and the more seaasoned agents who know what they can sell a house for will elect to walk away because it is not worth their time to list a unit that they know will not sell.
The seller will have to face the fact that the home has a lower value and will be back in the offices of the more experienced agents at some point who will continue to reccommend prices where they feel they can move the product.
Pendulum will ultimately swing back to those most capable in the area of sales.
