Foreclosed homes in the Dayton area continued to sell at deep discount in the first quarter, but far fewer of them were sold.

In the first quarter, 309 foreclosed homes in the Dayton metropolitan statistical area were sold, a 42 percent decline from the first quarter of 2010, said RealtyTrac, a real estate data firm. The metropolitan statistical area includes Greene, Miami, Montgomery and Preble counties.

The average price of a foreclosed home during the quarter was $52,122, for an average discount of 55 percent. A year ago, foreclosed homes sold for an average $57,359, for an average discount of 49.4 percent, RealtyTrac said.

RealtyTrac defines the average foreclosure discount as the percentage difference between the average sales price of foreclosed homes and the average sales price for homes not in foreclosure.

Statewide, the average sales price for a foreclosed home reached $68,137, for an average discount of 46.8 percent, in the quarter. The average sales price was $71,387, for an average discount of 44.4 percent.

Mike Royce, a broker with Royce & Associates, said the large volume of foreclosed homes selling for $10,000 or less has driven down the average sales price for the entire region.

Steve Brown, a broker and owner with Irongate Realtors, said foreclosures and bank-owned properties make up about 15 percent of his firm’s sales. Irongate hasn’t seen banks increasing prices on foreclosed properties, he said.

Bob Wilson, president of the Dayton Area Board of Realtors, said the effects of distressed properties on home prices depends how prevalent they are in a given area.

“It’s going to have a definite impact if that’s the majority of what’s selling,” Wilson said.

The absence of tax credits has driven down sales of homes and condos in the Dayton area, industry observers say.

In the first quarter, the average price for single-family homes and condos fell 12.5 percent to $101,877 from $117,062 a year ago, according to the local board of realtors. DABR’s numbers include sales from beyond the Dayton MSA.