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Foreclosures

Baltimore home prices rose nearly 7 percent in January

Baltimore home prices rose nearly 7 percent in January

In the depths of winter, Baltimore's housing market is hot.

The median home price in the metro region last month reached $234,950, jumping nearly 7 percent from a year earlier, as foreclosures declined and a crush of buyers competed for homes.

About 2,195 homes sold in January, up nearly 6 percent from January 2016, according to a monthly report based on data from the MRIS listing service.

Pending sales — which are in process but haven't closed — rose 14.6 percent, according to the report, which was provided by ShowingTime, a firm that provides market statistics to the residential real estate industry.

Experts said first-time homebuyers are back on the hunt as...

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