【NAR】Existing-Home Sales Slip 2.7% in March

• Existing-home sales fell for the second straight month in March to a seasonally adjusted annual rate of 5.77 million. Sales were down 2.7% from the prior month and 4.5% from a year ago. 
• With slower demand, the inventory of unsold existing homes increased to 950,000 as of the end of March. That would support 2.0 months at the monthly sales pace.
• The median existing-home sales price rose to $375,300, up 15% from one year ago.

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