I'm following this pretty closely, because I was just in the final stages of putting my own house on the market when the Covid hit the fan.
The plan was - and still is - to sell this house in a reasonably high COL area, and use the money to buy a "better" place in a lower COL area. By better I mean, specifically, a place with a dock where I can keep my boat.
This puts me in an interesting position. I don't really care what dollar amount my current house sells for, as long as that amount can buy what I want elsewhere. Of course, no-one knows exactly where the market will stabilize, but I'm open to theories.
Had I been lucky, I'd have sold this place just before this started, and had cash ready to buy into a depressed market. I knew we were at a peak, but events overtook me. Market timing has never been my thing.