ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
December showing traffic was up 3.1% year over year across the U.S. according to the ShowingTime Showing Index®, continuing the trend of showing activity remaining above pre-pandemic levels. Year-over-year gains were recorded in three of the four regions as buyer demand for existing homes increased from the prior month for the second consecutive month. For a look at daily showing data at the state/province level, click here.
Month-over-month showing traffic declined 3% across the U.S. in December compared to November as buyer activity continued to be impacted by the holiday season.
Most major metros saw modest month-over-month declines, although San Francisco, San Diego and Seattle all posted double-digit gains. Year-over-year results varied, for example buyer traffic was up 21% in Las Vegas and 12% in Seattle compared to last December, but declined 37% in Portland, Ore., and 28% in Memphis, Tenn.
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®