Something is definitely different. I have had one booking all year, so far, and they cancelled after two hours. Nothing at all on the books for the year, so far. It's never been like that for me in the four years I've been hosting.
I feel like my price is pretty reasonable for what people get. To join the "race to the bottom" on price would mean I'm not getting fairly compensated for my time and costs, and I'm not sure the customer looking for the cheapest price is a customer I'd want.
Reading the stats, it tells me overall bookings are down 35% - 50% in my area, and number of properties available is up by about the same amount.
I don't know if criteria on the searches have changed, or the way the data is presented has changed, or some other thing on the booking page, or events in the news are affecting travel, but this doesn't seem like a pricing issue to me.