Yes, but we just had a pandemic, where most people were afraid to look for houses, afraid to not catch a virus that at the time was unknown. Then after things started returning to normal we got inflation, because supply couldn't keep up with demand so interest rates were jacked to stop it.
Then there's the thing that especially in some industries there's a massive push to keep working from home, so less motivation of moving.
I don't think the current statistics are surprising.