I suspect when the quarantine ends and the held-back housing supply hits the market we'll see a dip in prices in the 2 to 4 months after that time... though there are a lot of factors that come into play that will dictate the actual outcome. (...consumer confidence, interest rates, local job growth, net population growth/loss, government restrictions, savings depletion, stock market growth, etc).

Supply here is incredibly low but if our current situation continues for too long I'm sure that will start to change.

Weeks later water was turned and I was told they need to install a new water supply.

Increase of money supply can lead to inflation. 

(closest hospitals are 30 min away).Should we keep it furnished or move the furniture out?

Contractors aren't working right now and personally I'm trying to limit my trips to Home Depot and public stores/places for supplies, so it's slow going. 

@Theresa Harris a lot of stuff is still up there, furniture, CANS OF FOOD, an attic full of old toys...she left an AC on the floor with an towel under it...unplugged the fridge... all my grandmothers stuff is in the basement in boxes. 

As a result, you and every other REI that is limited to those same strategies arrive at the same place...fighting over the limited supply. 

I foresee a huge surge in supply of single family properties in the months after things open up again. 

My question is the city lax in issuing building permits (increasing supplies)?