ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® recorded nationwide growth for the third consecutive month, a first since November 2017 – January 2018.
The October Showing Index saw a 5.5 percent year-over-year increase in showing traffic nationwide, the third straight month of nationwide growth.
The South saw the largest increase in buyer traffic, with a boost of 10.8 percent, the region’s most significant improvement in almost three years.
The West followed with a 8.6 percent increase, with the Northeast’s 3.8 percent jump in buyer activity coming in third. The Midwest again reported the most modest growth, with a showing of 1.5 percent year-over-year improvement in October.
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®