As inventory keeps slipping, prices keep increasing for prospective home buyers in the Buffalo metropolitan area.
The monthly snapshot from May revealed a 6 percent jump in median prices in the past year, reaching $146,750 compared to $138,500. The average price of a single-family home rose 10 percent to $174,086 from $158,331.
The Buffalo Niagara Association of Realtors reported sales dropped 26.4 percent year-over-year to 744 from 1,011.
