WASHINGTON — Existing home sales rose 3.4% in April to a seasonally adjusted 4.62 million unit rate, after a downwardly revised 4.47 million rate in March originally reported as 4.48 million units, the National Association of Realtors announced Tuesday.
Economists polled by Thomson Reuters had predicted 4.60 million sales.
The April sales rate represented a 10.0% increase from April 2011.