US ex­ist­ing home sales plunge 17.8%

Orlando Sentinel - - Business -

WASH­ING­TON — Sales of ex­ist­ing homes fell 17.8% in April with the real es­tate mar­ket still in the grips of the coro­n­avirus pan­demic.

The Na­tional As­so­ci­a­tion of Real­tors said Thurs­day that last month’s de­cline pushed sales down to a sea­son­ally ad­justed an­nual rate of 4.33 mil­lion units, the slow­est pace since Septem­ber 2011.

The sales drop was the largest onemonth de­cline since a 22.5% fall in July 2010.

The me­dian price for a home sold in April was $286,800, which was an in­crease of 7.4% from a year ago.

Sales dropped in all parts of the coun­try: the West, 25%; the South, 17.9%; the North­east, 16.9%; and the Mid­west, 12%.

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