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Baltimore area home sales rise -- again

Home sales in the Baltimore area rose for the second straight month, giving residents a hopeful sign that the housing market here is strengthening.

An excerpt from the article reads:

The number of homes sold in July throughout Greater Baltimore rose 10 percent to 2,240, up from 2,038 during the same month last year. That's according to Rockville market research firm Metropolitan Regional Information Systems Inc.

Meanwhile, the median sold price in the Baltimore area including Baltimore City, Anne Arundel, Baltimore, Carroll, Harford and Howard counties declined by 6.5 percent to $259,950.

Both home builders and economists have said the uptick in sales could be linked to first-time buyers taking advantage of the government's $8,000 tax credit and overall better real estate prices. Units sold in June rose nearly 2 percent, marking the first year-over-year increase in Greater Baltimore in more than two years.

Read the entire article here.

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