Lovejoy ISD - December 2022 real estate market

Lovejoy ISD (parts of Fairview, Lucas, & Allen Texas) real estate market for December 2022
Average sales price - Peak in June at $1,055,000 November $865,000 (lost almost 20% in value)
Median Days on the market - In June, it averages seven days; in November, it averages 33 days
Percentage of Original Price - Peak in June at 103%, in November 94%
Therefore, you were smart or lucky if you sold your home in June 2022.
My forecast for 2023 - I expect a lower volume: Currently, 70% of mortgages are under 4%. It looks like the recession will worsen starting in mid-2023.
For the price, I expect a little lower or primarily flat.
Contact me if you would like more details or information on other areas.
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