In another sign that the economy may be picking up, sales of existing homes increased last month, though the median price of homes continued to decline, the National Association of Realtors reported today.

Existing home sales increased 2.9% to a seasonally adjusted annual rate of 4.68 million units. April's numbers were 3.5% below April 2008.

The median price for an existing home last month was $175,200, a 15.4% drop from April 2008.

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