Most of the time, price won't drop, even drop, only minimal only.
But you may see more difficulty to sell.

People rather hold on the properties instead fire-sale, until last resort, which prevent price dropping.

So high probably is you see more property want to sell, but harder to sell, take longer to sell, instead of price drop.
You may see "for sale" banner for longer time.

Unlike last time, property is snapped up once you put up "for sale".