Greater Baltimore home sales drop for first time...

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Baltimore-area home sales cooled in July, posting a decrease for the first time in nearly two years. At the same time, the median sales price of homes sold during the month rose 2.9 percent to $267,500, up from $260,000 in the year-ago period and marking the highest July sales price since 2008, according to data released Wednesday by ShowingTime RBI based on listing activity by MRIS. The July median is 18.9 percent above the 2011 bottom of $225,000, while 6.1 percent below the 2007 peak of $285,000. Closed…