“Would buyers and strong sellers continue to have a stand off and all sales happen on the margin w/ week sellers? If strong seller are pushing prices (and not getting it), wouldn’t that mean price on aggregate will continue to fall?”
I think you just explained in a nutshell why inventory and prices continue to fall. We have a thinly traded market where short sales that continuously close for 5-10% lower than the previous comp are tanking prices. Until the short sales clear the system I don’t see things changing much.
