Meir, below, peg it right. In all real estate markets (up or down) if sellers are not realistic with their selling prices, then, it is the sellers who are not interesting in actually selling. Presently, S. FL real estate market is seeing a moderate but constant price increase due to the demand and low inventory.
However, buyers are no longer the fools they were in the early 2000; they are now more cautious and they buy according to the comparable and will pay a slight premium for the right property. But there are still many unrealistic sellers who are asking way, way above their market value and their properties are just sitting there, getting stale on the MLS -- not selling -- and they balme the real estate agents for not being able to sell.
Ironically, the same sellers when they get into the buyer's seat, they insultingly low-ball offers on everything they like.