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Baltimore metro area pending home sales climb

The Baltimore metropolitan area housing market showed gains in pending home sales in the first two months of 2011, according to data compiled by Rockville-based RealEstate Business Intelligence LLC, a source of real estate information in the mid-Atlantic region.

There were 2,146 signed contracts in January and February, 25.1 percent more than the same period in 2010.

However, housing prices declined to levels not seen in nearly a decade. The median sale price of a home in February fell 9.5 percent to $205,350, down from $227,000 in the corresponding 2010 period.

In April 2004, the median sale price was $193,000, according to RBI’s data.

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