“Showing activity typically slows in the fall, but as the Showing Index has shown we’ve seen buyer demand remain strong in many markets throughout the country to reverse the seasonal trend,” said ShowingTime Vice President & General Manager Michael Lane. “Last fall we saw an unparalleled rise in buyer demand, which makes October’s year-over-year gains all the more impressive.”
Seattle, Denver, Dallas, Orlando, Fla., Miami, Salt Lake City and Washington D.C. were among the list of 20 cities where buyer demand drove the average number of showings per listing to double-digit levels. Of the top 20 markets, all but three saw a positive month-over-month change in demand. Other cities with significant buyer activity included Grand Rapids, Mich., Kansas City, Mo. and Cleveland in the Midwest, and Tampa, Fla., Memphis, Tenn. and Sarasota, Fla. in the South.
The Midwest region saw the greatest buyer activity of all the regions, with a 6.5 percent jump in showing traffic year over year. The South region, which last month led the nation in buyer demand, followed with a 4.9 percent boost in activity in October. The Northeast’s 1.7 percent dip and the West’s 6.4 percent decline in foot traffic rounded out buyer demand in the U.S. Overall, the country saw a modest climb of 0.8 percent in buyer demand.
The ShowingTime Showing Index is compiled using data from more than six million property showings scheduled across the country each month on listings using ShowingTime products and services. It tracks the average number of appointments received on active listings during the month.
|Metropolitan Area||October 2021 Ratio of Showings to Listings||Year Over Year Change||Month Over Month Change|
|Port St. Lucie, FL||11.31||50%||3%|
|Salt Lake City, UT||10.61||-2%||5%|
|Colorado Springs, CO||10.06||15%||-2%|