But all of my buyers are in a holding patterns, just waiting for normal to return.

However, due to the state of the market, right now might actually be a great time to strike as most of your competitors are in a hold pattern, therefore having less competition to bid against. 

This continues (at least for March) the familiar pattern of low inventory, high buyer demand, and rising home prices.However, the local shelter-in-place orders didn’t go into effect until March 24th.

Surely those were not new carpets, I haven't seen that pattern in a long, long time. 

University of Dayton has already announced summer courses will be virtual, and most students that were looking for Fall 2020 housing are in a holding pattern until the more information is available.

I am in a little bit of a holding pattern with the city pretty much locked down from the pandemic and considering my options.  

Keeping this money on the sidelines as an austerity measure furthers the decrease in demand because there is even less money going towards buying buildings.In summary, the self-reinforcing patterns of behavior of investors, lenders and consumers decrease short term demand, which drives down asset prices.

Since then I've been in a holding pattern, not because I won't or can't do a deal, but because I can't find anything that makes sense for my investment criteria.In my opinion, this shutdown is going to have a major negative effect on our economy that will take time to infiltrate the real estate market. 

That may not be appropriate as there was obvious quid pro quo (value-for-value) in your fact pattern. 

If someone has a pattern of arrests, that's much more impactful to me as they could go to jail again and no rent will come in.