Sales of previously owned homes in the U.S. continued in May to fall below levels of a year earlier, despite lower prices and tax incentives for buyers, according to figures released by a trade group Tuesday.

May home sales were down 3.6% from the same month last year, the National Assn. of Realtors reported. The industry group based that figure on the seasonally adjusted annual rate of home sales, which is the number of homes that would sell for the entire year based on May’s sales rate.

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