ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® found that Northeast Region buyer traffic again saw modest improvement, while demand in other areas, though still down, continues to stabilize.
The July Showing Index saw a 0.6 year-over-year drop in showing traffic nationwide, the 12th consecutive month of declines.
The Northeast saw a boost of 2.7 percent, the third consecutive month of increasing in home buyer activity in the region.
The West Region of the U.S. again had the largest showing traffic drop of all regions in July, recording a 4.1 percent fall year over year, the smallest such drop in the region since March 2018.
In the South Region, a 1.1 percent fall in showing activity was reported, while the Midwest saw a drop of 3.3 percent.
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®