There is only pent-up demand because the majority of sellers are still in denial. Once they capitulate en-masse those willing buyers will dry up fast!

So, you are suggesting that once sellers capitulate and lower their prices this will reduce the pool of willing buyers ?

Seems counter to some basic economic principles I thought I had once learned.

Or maybe what you meant was that the few who want to buy will buy at somewhat lower prices exhausting the buyer pool ?