Existing Home Sales Fall 3.3% to 5.04M Rate in April

Existing home sales fell 3.3% to a seasonally adjusted 5.40 million-unit rate in April from an upwardly revised 5.21 million pace the previous month, the National Association of Realtors announced Thursday.

The March rate was originally reported as a 5.19 million pace.

The April rate represents a 6.1% increase from the same month a year ago, and was above the median 5.24 million unit pace predicted by economists polled by Thomson Reuters.

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