Existing home sales slide 4.9% in March, retreating after February’s surge

Existing home sales slid 4.9% in March after jumping the most in almost four years in February, according to the National Association of Realtors. Sales of existing single-family homes, condominiums and co-ops fell to 5.21 million at a seasonally adjusted annualized pace, the Realtors group said. The median home price rose 3.8% from a year ago to $259,400.

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