ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
February buyer demand continued the impressive run of increased showing activity, once again leading to year-over-year jumps in showing traffic nationwide, according to the ShowingTime Showing Index®. For a look at daily showing data at the state/province level, click here.
February showing activity increased by 49.5 percent overall in the U.S. year over year, the tenth consecutive month to see an increase, according to the ShowingTime Showing Index.
The West Region saw the largest boost in activity for the fourth consecutive month, with an impressive 98.4 percent growth in traffic year over year. The Midwest followed with a 53.1 percent increase, with the South’s 46 percent jump and the Northeast’s gain of 42.2 percent rounding out the regional jumps.
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®