ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® revealed a nationwide decline in showing activity, ending 2018 with a fifth consecutive month of flagging showing traffic.
The December U.S. Showing Index highlighted a 7.2 percent year-over-year decline from 2017, the fifth consecutive month showing decreased showing traffic nationwide.
The West Region of the U.S. saw the largest showing traffic drop, recording a 20.1 percent decline year over year.
The South Region saw the second largest regional drop, with a 10.9 percent fall in reported showing activity. The Midwest Region also saw a decline, with the Showing Index reporting a drop of 7.9 percent, the fifth consecutive month that region experienced a year-over-year decrease.
Rounding out the Showing Index’s regional assessment, the Northeast Region experienced a 1.5 percent year-over-year fall in showing activity, ending the year with an eighth 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®