【NAR】Existing-Home Sales Slid 2.4% in March

• Existing-home sales retreated 2.4% in March to a seasonally adjusted annual rate of 4.44 million. Sales declined 22.0% from one year ago.
• The median existing-home sales price dipped 0.9% from the previous year to $375,700.
• The inventory of unsold existing homes rose 1.0% from the prior month to 980,000 at the end of March, or the equivalent of 2.6 months' supply at the current monthly sales pace.

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