> Many people are willing to just sit and wait for the right buyer even if it takes years. I think that's only a large minority. IIUC, a majority of sellers

> Many people are willing to just sit and wait for the right buyer even if it takes years. I think that's only a large minority. IIUC, a majority of sellers are motivated sellers, people that are selling because life circumstances are forcing them to move and sell. But even if only a small portion of sellers were motivated sellers, "prices are set at the margin". In other words, if most people aren't selling because the price is too low, the people who are selling are the ones that are setting the price.