Price movements are also looking less bad. After adjusting for seasonal factors it looks like prices on average only fell 0.2% in March after falling 1.1% in February and declining 1.1% on average for every month since December 2021.
Why are things showing signs of bottoming out? Almost certainly because of the return of first home buyers to the market about three months ago. They are taking advantage of the high number of properties listed for sale, banks easing their lending criteria slightly to try and win business, wages rising firmly while house prices have declined on average 17% from their peaks, and rising rents.