Home prices have had the biggest drop since 2012 while home sales fell in April 2023 for the second month in a row, according to a report from the National Association of Realtors.

The report shows that existing homes in April, which include townhouses and single family homes, dropped 3.4% from March.

Year-over-year sales dropped 23.2%, down from 5.57 million in April 2022, the report adds.