Guys it is the classic 5 stages of grief. Unfortunately the majority of sellers are in denial right now. Personally I think the realization will start to set in next summer. People who listed this spring/summer and who sat and did not sell because they refused to price competitively are still of the mindset that they can come back next spring and test the market again. Also there are still plenty of “soft landers” and other real estate professionals who are not acknowledging the market data in the same way that many of us do. The best thing for the entire market will be for people to accept it. I guess they have to go through thier own denial.