Existing home sales decreased 3.0% in March to a seasonally adjusted 4.57 million unit rate, the National Association of Realtors announced yesterday.

The sales decline to 4.57 million, was larger than the drop to a 4.69 million unit pace predicted by Thomson Reuters’ poll of economists and followed a revised 4.71 million units, originally reported as a 5.1% climb to a 4.72 million unit level in February.

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