Existing home sales declined 3.3 percent to a seasonally adjusted rate of 5.04 million, down from an upwardly revised 5.21 million in March. Existing home sales remain 6.1 percent higher than last year, despite last month’s decline.

Existing home sales rose 6.1 percent in March to a seasonally adjusted annual rate of 5.19 million, the highest annual rate in 18 months.