ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The ShowingTime Showing Index® revealed that showing activity in the South Region declined for the first time in 12 months when compared to 2017, while activity throughout the rest of the U.S. declined for the third month in a row from 2017’s record numbers.
The October U.S. Showing Index declined 5.0 percent year over year from 2017, the third consecutive month showing traffic decreased.
The South Region reported a 3.8 percent decline in October 2018 compared to the same time last year, while October showing activity in the Northeast decreased 3.0 percent, the fifth straight month of declines compared to 2017.
The Midwest (-6.5 percent) recorded its third straight month of year-over-year declines, while the West Region Index recorded a second consecutive double-digit decline, with showing activity off 14.4 percent compared to the same time last year. It was the ninth consecutive month the region has exhibited year-over-year declines.
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 below – 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®