ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The April ShowingTime Showing Index® recorded a nationwide drop in showing traffic for the second consecutive month as communities continued to respond to the COVID-19 pandemic. Initial data from May show signs of a turnaround, however, especially in states where shelter-in-place restrictions have been loosened. For a look at daily showing data, click here.
The April Showing Index reported a 42.1 percent fall in nationwide showing traffic year over year.
The Northeast Region saw the greatest decline for the second consecutive month, with a 51.2 percent dip, followed by the Midwest’s 41.4 percent drop.
The West dropped by 36.7 percent, which was the region’s largest in more than a year, with the South’s 33.6 percent year-over-year fall rounding out the 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®