ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® revealed continued nationwide decline in showing activity, with the seventh consecutive month of diminished showing traffic.
The February U.S. Showing Index highlighted a 9.3 year-over-year drop in showing activity, the seventh consecutive month that showing traffic fell nationwide.
The West Region of the U.S. again saw the largest showing traffic drop, recording an 16.8 percent decline year over year.
The South Region followed, with an 11.3 percent fall in reported showing activity. Falling close behind, the Midwest Region saw a drop of 10.5 percent, the sixth consecutive month that the region experienced a year-over-year decrease.
Rounding out the Showing Index’s regional assessment, the Northeast Region experienced a 5.5 percent year-over-year fall in showing activity as the region enters the busy spring season with its tenth straight month of foundering activity.
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®