Sales of existing homes fell last month as did the median price of those residences, the National Association of Realtors reported today.
Existing home sales fell 3% to a seasonally adjusted annual rate of 4.57 million units, meaning that, that would be the annual rate if March's rate remains the same all year. February's numbers were 7% below those of February 2008.
The median price for an existing home last month was $175,200, a 12.4% decline from March 2008 though a 4.2% increase from February.
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