FXstreet.com (Barcelona) - Yet another negative indicator for the United States housing sector, sales of existing homes have dropped in March, as widely expected, showing a narrow range of sales activity, while prices continue falling, according to the latest report by the National Association of Realtors.

Sales of existing homes have fallen 2.0% to an annual rate of 4.93 M in March, from a level of 5.03 M annual rate posted in February. Year on year, existing home sales have dropped 19.3% from the 6.11 M units annual rate posted in March 2007.

The national median price of n existing home has dropped 7.7% to $200,700 in March from the $217,400 median price in March 2007.