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U.S. Existing Home Sales Show Unexpected Drop In March


Existing home sales in the U.S. showed an unexpected decrease in the month of March, according to a report released by the National Association of Realtors on Thursday, although sales remain above the level seen in the same month a year ago.

NAR said existing home sales fell 2.6 percent to an annual rate of 4.48 million in March from an upwardly revised 4.60 million in February. The drop surprised economists, who had expected existing home sales to edge up to 4.62 million from the 4.59 million originally reported for the previous month.

Published: 2012-04-19 15:06:00 UTC+00


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May 20 at 6:01 UTC