The National Association of Realtors said Wednesday that sales of existing homes rose 1.9 percent to a seasonally adjusted annual rate of 5.32 million last month.
After nearly four years of annual declines in supply, the number of homes for sale has now increased year on year in the United States for three months in a row, the latest index shows.
Known for its glittering skyscrapers and luxury villas, the Dubai property market is oversupplied, especially in the residential sector where prices have fallen steadily from a peak in mid-2014.
High demand in the biggest cities is lifting prices across Germany, with historic areas like Baden-Baden attracting a new generation of buyers.
Sales in the residential property market in Canada have continued to fall, down by 2.3% month on month in November and now 12.6% lower than a year ago.
Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
Sales of previously owned U.S. homes rose for a second straight month and exceeded forecasts in November, suggesting consumer demand is picking up as price gains moderate amid more generous inventories.
The largest generation of home buyers in the United States are most likely to put down less than a 20% deposit and get the most money from friends or family to buy a property, new research shows.
The national median house price in New Zealand reached a record high of $575,000 in November, up 6.5% from $540,000 at the same time last year, the latest index data shows.
The credit squeeze in Australia is continuing to slow new home building and sales have fallen steadily throughout 2018, according to a new analysis.
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