How much are sales off? I'd guess sales are off a lot. Sales fall first, then prices. Not being argumentative. This is just my sense of how this is all going to shake out.
Prices are sticky, but they are still set on the margin. The marginal buyer has seen his financial assets decline by more than 20% (much more in many cases). And worse, some will be out of work. I don't see a scenario where prices don't drop significantly. Could be wrong, of course. Cheers, John