Metro Toledo home sales drop in March

A realty sign lists an Old Orchard home for sale at 2810 Densmore in Toledo, Ohio.

Sales of single family homes in metro Toledo in March fell 6 percent and average sales prices dropped 5 percent, a new report by the Toledo Board of Realtors shows.

The sales in the 10-county Toledo region declined to 511 last month from 543 a year ago, and sales prices slipped to $92,946 from $98,154 a year ago, the report Tuesday states. In Lucas County alone, sales decreased to 313 last month from 339 a year ago, but the sales price rose to $91,156 from $88,865 in March, 2010, the report shows.

In the first three months of this year, the number of homes sold in the 10-county region was off 1 percent to 1,243 and the sales price dropped 3 percent to $91,648, the Realtors group said. For the first quarter of the year in Lucas County, sales were down 5 percent to 743 and the sale price was flat at $86,660.