ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The ShowingTime Showing Index® again recorded increasing showing traffic in August, the fourth consecutive month of increasing nationwide showing traffic. All four regions again saw year-over-year jumps in activity. For a look at daily showing data at the state/province level, click here.
The August Showing Index reported a 61.9 percent jump in nationwide showing traffic year over year, the fourth consecutive increase since the brief drop in activity in spring.
The Northeast Region again saw the largest uptick in activity, with a 73.7 percent growth in traffic year over year. The West followed with a 55.1 percent increase, with the Midwest’s 54.9 percent jump close behind. The South rounded out the increased showing activity, with a 51.9 percent boost in home buyer traffic.
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®