WASHINGTON — Existing home sales fell 3.8% in May to a seasonally adjusted annual rate of 4.81 million, the second straight monthly decline and the lowest number of sales since November, the National Association of Realtors reported Tuesday.

Sales in April were revised to 5.00 million from the 5.05 million figure reported last month.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.