Real estate sales rose by 8.7% in July and are on track for a third consecutive month, according to Zillow.
Sales in the U.S. and Canada rose by 9.6% and 11.4% respectively in July.
Sales were up 6.6%, but sales in Canada and U.K. fell.
The U.N. predicts a 7.1% fall in global sales for the year, which would be the biggest monthly drop since December 2015.
Sales are up 3.3% in the United Kingdom and 6.3%, in the Netherlands.
That’s not enough to slow down the global recovery, but it is encouraging news.
Real estate agents and brokers expect real estate sales to grow at about 6% this year, and they expect a big rebound this year.
“There’s a lot of excitement for the summer months,” said Kevin Sager, managing director of real estate marketing firm Sager Realty, which has offices in New York, New Jersey, New York City, Boston and Toronto.
“I think the big thing we’re seeing right now is that the summer is going to be a good time for real estate.”
There’s more good news for those looking to buy.
Real-estate prices have been improving in recent months, and many investors are now buying homes as a way to diversify their portfolio.
The stock market has rallied more than 50% in 2017, according To The Top, and the Dow Jones Industrial Average has nearly doubled.
Sales of residential property in the S&P 500 index have jumped more than 4% in August, and are up 4.7%.
The S&P 500 is up almost 6% in 2018.
S&p, meanwhile, is up just 0.5%.
Zillower predicts the U-M sales rate will be 2.3 million units this year and 3.4 million in 2021.
The company expects to sell 1.4m homes and 1.2m condos by 2021.