ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
Home buyers again turned out in droves in November, leading to year-over-year jumps in showing traffic nationwide, according to the ShowingTime Showing Index®. For a look at daily showing data at the state/province level, click here.
The Showing Index noted a 47.2 percent jump in nationwide showing traffic year over year in November, the seventh consecutive month to see an increase over 2019.
The West Region saw the largest boost in activity, with a 56.4 percent growth in traffic year over year. The South followed with a 50.5 percent increase, with the Northeast’s 45 percent jump and the Midwest’s leap of 42.1 percent rounding out the four regions.
The ShowingTime Showing Index® tracks the average number of buyer showings on active residential properties on a monthly basis, a highly reliable leading indicator of current and future demand trends.
Our national and regional indices – seen as quadrants on a map of the United States above – are computed based on a representative sample of more than 100,000 listings from 25 local markets across the United States. Our methodology focuses on properties listed by agents subscribing to ShowingTime’s full appointment management solutions at the agent and office levels.
It includes all buyer showing appointments requested or logged across all ShowingTime systems including ShowingTime for the MLS, ShowingTime Front Desk and the ShowingTime Appointment Center.
We’re also developing localized versions of the Showing Index, which will be available in certain MLS markets.
“The best in the country in showing statistics.”
Lawrence Yun, Chief Economist, National Association of REALTORS®