Finally, after several years of denial, real estate stakeholders in the many hard-hit areas have finally come to the breaking point. Distressed sales continue to be the driving force in most regions, particularly, South Florida, California, Arizona, and Nevada. Sellers of residential properties are trying desperately to remain competitive amid a flood of units for sale. According to Metrostudy, a national housing research firm, the inventory level of unsold condos in South Florida represent a 31 month supply. Many people think that a two to four month supply represents an equilibrium with demand. Even in the face of these extreme conditions, there are some signs of light.