Houston real estate owners realizing the struggling market

According to a recent article in The Courier of Montgomery County, homeowners in Houston have begun to realize how significant the struggles of the region's real estate market are.

The article states that those trying to sell their properties have experienced adversity and limited interest.

"We had several showings by Realtors and some drive-by interest from the sign out front," one former Realtor told the news source. "As far as sticking points on the sale went, we hadn't gotten far enough along to see what the problem was."

A recent report from the Houston Association of Realtors revealed that home sales were down in May for the area, declining by 11.9 percent. Overall, the average price of homes in Houston was up 6.5 percent, reaching $220,210, while the median price was also up 3.2 percent to $157,900.

Despite the continued struggles of the region's housing sector, contract signings were up during May, improving by 35 percent from last year to reach nearly 4,050 recently.

While the city attempts to add more jobs to ease its unemployment rate and provide a boost for the housing market, homeowners might continue to experience fluctuations in interest, however.

Courtesy of 2M Realty News