Changes to commission structures, perpetually high interest rates, and unrealistic seller expectations — amidst a "recession" — make this a brutal time to sell a house and make a profit.
More people face the reality that to sell a house with any urgency, they must put money into their home to refresh and modernize it; or lower the price. Similarly, buyers wanting to move to Central Texas are negotiating giant price drops because houses built pre-2000 are frozen in time and desperately outdated. Without enough new construction to drastically drive down prices, updated houses sell faster and earn their asking price.
Both buyers and sellers are caught on opposites of the same coin: inadequate houses/low prices. The worst part is that both sides lower the amount of money realtors stand to make, while also making realtors work harder. Which can lead to no one getting what they want.