Home sales in South Montgomery County up in May, down for year

Home sales in a subset of Houston were up during May, but down for the year thus far.According to recent information released the Houston Area of Realtors, single-family existing home sales improved in South Montgomery County, performing better than the overall Greater Houston area. However, year-to-date, transactions are down.Overall, 256 homes were sold during May, which is exactly one more home than what was sold in May 2010. For the year, 998 properties have been sold, which is down from 1,025 from the same point last year.The region's 4.8 percent decline this year, however, is still better than the Greater Houston's slide of 6.5 percent from last year.Ken Brand, a local property sales manager, referred to home sales in the region as “great,” Your Houston News reports.Brand explained that, combined, the real estate builders in his local region sold 272 homes during June, which is well above the 177 sold last year. He relayed to the news source that the 2011 market is reverting to a normal sales trend, improving between January and August.Other experts are also optimistic about the Houston real estate market.”Overall I see a bright future,” Beth Ferester, a Realtor for Coldwell Banker, told the news source. “It may take two or three years to see a it in this market, but with more people moving in and less space for new homes, they'll start selling better and better.”Courtesy of 2M Realty News

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