Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP
Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP
Property /  International

US home sales shoot up to 10-year high

Rising demand for housing comes amid fewer properties listed for sale, leading to situation that rewards would be buyers who act quickly

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Associated Press
Associated Press

Updated: 2:55pm, 20 Jul, 2018

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Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP
Sales of homes in the United States have risen 5.9 per cent over the past year, but the inventory of homes for sale has fallen 6.6 per cent to 1.83 million properties. Photo: AFP
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