Thanks to Toby Froehlich of Coldwell Banker Select Realtors for the update on real estate sales in Erie County.

It’s good news. In the first quarter of 2012, 371 homes sold compared to 320 homes last year. The average sold 2012 price of $136,371 beats the 2011 first quarter average of $127,203.

The only bad news — for buyers that is — records that home inventory was down. House hunters had 1,094 homes to choose from in the first quarter of 2012 while 1,298 homes were on the market in 2011.

Check out goerie.com/homes for all your real estate needs