The latest Zillows real estate listings have been released and reveal a record high number of listings.
The number of new listings was up 9.9 per cent to 4,849,000.
The data comes after ZillOW’s latest report released on Wednesday, revealing that real estate prices in the US were the highest in more than five years.
Zillow’s real estate industry analyst Chris Goss said the report was a “good snapshot of the market” and a “positive sign”.
“While the US market may be cooling, many of the major metropolitan markets in the country are also showing strong increases in sales, and sales in the big city are still strong,” he said.
“The data is encouraging.”
“The number of houses sold has been very strong, with prices in many major cities now well above $500,000,” he added.
“And, as in previous years, many areas in the nation are experiencing strong growth, including in the major cities of Atlanta, Los Angeles, and Dallas, and some areas of the midwest, such as Chicago, New York City, and the suburbs.”
The Zillower Real Estate Market Report also found that the average sale price of a home in the United States was up by more than $200,000, with homes selling for an average of $1.7 million and condos averaging $2.3 million.
But the real estate market in the UK is currently experiencing its second straight year of strong growth with prices up 6.2 per cent in the past year.
Meanwhile, prices across the US are now down by 1.9 percentage points, with the median sale price at $1,547,000 and the median price of all homes at $2,977,000 respectively.
There was a further 8.3 per cent drop in prices across Europe, with average sales prices in Germany up by 3.3 points, and average prices of all properties in France up 3.6 points.
Sales in China rose by 10.4 per cent last year to a record $17.4 billion, with many people living in the vast nation.
In Europe, the number of homes sold increased by 7.6 per cent from 2015, and it remains on track to be the strongest year on record for home sales.
For the year to February, Zillowers Real Estate reported that the global real estate sector had seen a growth rate of more than 20 per cent.
Real estate market sentiment has also been improving in many parts of the world.
The US is the world’s most-populous country with more than 3.5 billion people.