It's seasonal in part for sure coming up on the winter months, generally it slows down some with people much less inclined to be disturbed by showings and the prospect of moving a household in the middle of winter.
However the economy isn't getting any better. Major corporations are laying people off, consumer confidence is taking a hit and corporations are sidelining any capital expenditures and expansion as the cost of borrowing goes up. This is what happens (as it is intended to) when interest rates go up to combat inflation.
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