Existing home sales decreased 2.2% in August to a seasonally adjusted 4.91 million-unit rate, the National Association of Realtors announced yesterday.

The sales decline to 4.91 million compared to the 4.920 million unit pace predicted by IFR Markets’ poll of economists. It followed a revised 3.5% rise to a 5.02 million unit level in July, originally reported as a 3.1% increase to 5.00 million units.

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