ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
Showing activity saw a small incline throughout much of the country in March, according to the ShowingTime Showing Index®. For a look at daily showing data at the state/province level, click here.
March home showing grew by 0.2% nationwide year over year, according to the ShowingTime Showing Index.
The Midwest’s 5.9% leap in foot traffic last month was the largest in the country, while activity in the South was at the same pace as that seen in the region in March 2021, resulting in no year-over-year change. The Northeast saw a decrease in home showing traffic, resulting in a -0.9% drop in showings, followed by a more prominent drop of -18.5% in the West.
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®