Baltimore-area home sales, prices reach 10-year high in May

Greater Baltimore home sale prices reached the highest level in May in a decade, continuing an upswing in local residential sales and an ongoing move toward homeownership, experts say.

A report released Monday showed the area’s median sales price of $273,625 was a 4.4 percent increase over May 2016 and a 7.1 percent increase from a month before.

The report was compiled by MarketStats by Showing Time based on listing activity from Bright MLS.

Overall, it showed the sales volume of $1.2 billion…