The National Association of Realtors said today that sales of existing homes, which account for about 80 percent of all home sales, fell 8.4 percent in March. That was the steepest decline since 1989.

At the same time, prices also dropped. The median price of an existing single-family home decreased 0.9 percent last month, to $215,300, compared with a year earlier.

This fresh data on home sales, which followed two relatively upbeat reports in January and February, came as a closely watched gauge of consumer confidence showed that Americans were growing more pessimistic about the economy. The Conference Board’s index of consumer confidence for April fell for the second consecutive month.

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