Where it was 2-3 years ago? I don’t think anyone here can make a case for that.
Back to reality? That’s more likely.
As prices drop, some (probably less informed) will think they are getting a better deal, believing those who claim the worst is over.
There are people on the sidelines, but buyers are not going to come out of the woodwork in mass groves.
Those that are buying now, will most likely see the value decline from the purchase price, which should cause others to wait, and lower prices even more.