Home Prices Drop in Buffalo

March 8, 2012 Updated Mar 8, 2012 at 8:37 AM EDT

By WKBW News

March 8, 2012 Updated Mar 8, 2012 at 8:37 AM EDT

Home sales are steady, but prices are slipping according to the Buffalo Niagara Association of Realtors. Single-family home sales were flat in the Buffalo market at the start of the new year, while prices took a double-digit drop. Realtors say 517 homes were sold, on par with January last year. But median prices dropped almost 10 percent, while average prices were off 10.5 percent, dropping to $127,000 from $142,000 last year. Realtors say new listings skyrocketed 43 percent in January!

The Chautauqua County Visitors Bureau is working on its 2nd annual learning festival, called Chautauqua in June. It features county-wide workshops on gardening, culture, outdoor recreation, history and more. It follows the tradition of the Chautauqua Institution. The three week schedule runs from May 25 - June 17. You can get more details at wkbw.com, under News Links.

Also in Chautauqua County, organizers are unveiling plans for Lucy Fest 2012. The comedy festival will be held Aug. 1-5. Last year, Lucy Fest attracted 13,000 people, which is an attendance record.

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