Prices are still far above pre-COVID levels
What is new (and not well understood yet) is that real estate has now become a two tier market.
Cash only buyers—They are still paying top dollar because they are not affected by interest rates. They could be baby boomers using retirement funds or previous beneficiaries of the recent real estate bubble.
Mortgage loan buyers—These folks are crippled by the rising interest rates and their cost of housing has exploded in the last year.
The cash only market should stay reasonably solid while the mortgage loan market crashes and burns.
Analysis that tries to combine and then summarize the activities of these apples and oranges will be confusing and misleading.