February home sales dropped in Buffalo as inventory remains tight

Home sales in the Buffalo metropolitan area declined by 3.8 percent in February compared to a year ago while prices paid were mixed. There were 685 single-family home sales conducted during the month this year, down from 712 in 2016, according to the Buffalo Niagara Association of Realtors. Median prices rose 1.1 percent to 4120,000 from $118,720. The average sale however declined 1.5 percent to $139,013 from $141,138. The number of properties on the market was off significantly — down 30.6…

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