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Baltimore-area home sales near three-year high in May

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Ryan Sharrow New Media Editor- Baltimore Business Journal Email | Twitter | Google+ Baltimore-area home sales rose 17 percent in May, reaching the highest sales total the region has seen for any month in nearly three years. The 2,766 homes sold during the month also reflected the highest May sales total the Baltimore area has seen in six years, according to data released Monday from Rockville market research firm Metropolitan Regional Information Systems Inc. The number of units closed was up from 2,361 sold during May 2012. The median sale price also increased in May, hitting $250,000, up 5.3 percent from $237,500 a year before. The data includes Baltimore City and...

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