ELMIRA, N.Y. (WENY) -- The average price of a home in the Elmira-Corning area has declined by 13% in the first three months of 2024 since the same time period last year, according to a housing market report released Monday by the Elmira-Corning Regional Association of Realtors.

The average price of a home in the first quarter was $146,000.

According to the report, home sales were also on the decrease, down by 10% in the first quarter compared to the previous year.

The Elmira-Corning Regional Association of Realtors says homes were on the market for an average of 51 days during the first 3 months of the year.

According to the National Association of Realtors, the price of an average home in the United States is $393,500. Nationwide, home sales were also on the decline, they descended 4.3% in the month of March.