Nationwide, first quarter existing home sales were down 6.6 percent from the first three months of 2006 — hitting a seasonally adjusted annual rate of 6.41 million units, according to a new study by the National Association of Realtors. The Valley fared a bit better — seeing only a 2.2 percent drop in sales from a year ago.Despite yet another year-over-year drop, national home sales did rise 2.4 percent from the end of last year. Some 14 states, as well as the District of Columbia, also experienced sales pace increases from a year ago, compared with only six states showing gains in the fourth quarter 2006.Meanwhile, the national median existing home price wsa $212,300 in the first quarter, down 1.8 percent from the year-ago period. The median price for a home in the West wsa $336,200, also down 1.8 percent from last year.

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