The prices will not necessarily go down. At least not right away. There might be a wait and see period to see how the market goes. There is less on the market right now as sellers are hesitant to put anything out there with few buyers. With fewer buyers, you will probably see fewer offers and competition. If you have the funds and the credit score to go for a house and you see something you like it may not be a bad idea to go ahead and buy. Just be aware that the process may go a lot slower with limited ability to inspect properties in person and personally meet with people due to social distancing.