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CREA reports home sales down in March, average price up 11.2 per cent from year ago

Drop in sales came as the number of newly listed homes fell 5.5 per cent on a month-over-month basis

Home sales in Canada fell in March, while prices were up 11.2 per cent compared with a year earlier, Canadian Real Estate Association said Tuesday.The association said home sales in March were down 16.3 per cent compared with the same month last year when they hit an all-time record.On a month-over-month basis, seasonally adjusted home sales in March were down 5.4 per cent.. 

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