Average house price fell 1.8 per cent to $481,745, CREA says

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Average house price fell 1.8 per cent to $481,745, CREA says
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The Canadian Real Estate Association says home sales in March fell compared with a year ago while the average sale price also moved lower.

The association says sales through the Multiple Listing Service fell 4.6 per cent compared with a year ago to their lowest level for March since 2013.

sales in B.C., Alberta and Saskatchewan were more than 20 per cent below their 10-year average for the month, while Quebec and New Brunswick were well above-average.Meanwhile, the average sale price fell 1.8 per cent on a year-over-year basis to $481,745. Excluding the Greater Vancouver and Greater Toronto Area, two of the country's most active and expensive markets, the average price was just under $383,000.

National home sales edge up 0.9% in March 2019 but are still running near some of the lowest monthly levels recorded in the last six years. Details:

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