ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
April showing activity again saw an inordinate triple-digit year-over-year jump throughout the country as buyer demand was up significantly compared to that in April 2020 – a month in which communities continued to grapple with the affects of the then-nascent pandemic, according to the ShowingTime Showing Index®. For a look at daily showing data at the state/province level, click here.
April showing activity increased by 229.1 percent overall in the U.S. year over year, the 11th consecutive month to see an increase, according to the ShowingTime Showing Index.
The Northeast Region saw the largest boost in activity, with a 287.4 percent growth in traffic year over year. The West followed with a 265.9 percent increase, with the Midwest’s 227.9 percent jump and the South’s gain of 177.8 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®