ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® highlighted the 10th straight month of lower, albeit stabilizing, nationwide showing activity.
The May Showing Index saw a 2.3 year-over-year drop in showing activity nationwide, the 10th consecutive month that traffic fell.
In a welcome sign for the Northeast, which had seen dropping showing activity since April 2018, the region saw a 1.5 percent boost in traffic last month.
The West Region of the U.S. again had the largest showing traffic drop of all regions in May, recording an 10.6 percent fall year over year.
The South Region followed, with an 4.1 percent fall in reported showing activity, while the Midwest Region saw a drop of 3.4 percent.
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®