Existing home sales decreased 1.0% in April to a seasonally adjusted 4.89 million-unit rate, the National Association of Realtors announced Friday.

The sales decrease to 4.89 million compared to the 4.850 million-unit pace predicted by IFR Markets’ poll of economists. It followed a revised 1.8% drop to a 4.94 million-unit level in March, originally reported as a 2.0% decline to a 4.93 million-unit level.

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