ShowingTime Showing Index®
A Leading Indicator of Current and Future Demand Trends in the Real Estate Industry
The latest ShowingTime Showing Index® again revealed continued nationwide decline in showing activity, marking the eighth consecutive month of diminished showing traffic.
The March Showing Index highlighted a 7.2 year-over-year drop in showing activity nationwide, the eighth consecutive month that showing traffic saw a drop.
The West Region of the U.S. led all regions with the largest showing traffic drop, recording an 17.2 percent decline year over year.
The Midwest Region saw a drop of 9.2 percent, the seventh consecutive month that the region experienced a year-over-year decrease.The South Region followed, with an 7.2 percent fall in reported showing activity.
Rounding out the Showing Index’s regional assessment, the Northeast Region experienced a 3.2 percent year-over-year fall in showing activity as the region enters the traditionally busy spring showing season with its 11th straight month of foundering activity.
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®