ShowingTime’s Showing Index™ in July increased 7.8 percent at the national level from one year ago, with the Northeast having the highest year-over-year increase in showings at 13.2 percent, the company recently announced. Showings in the Midwest and South also increased, 6.7 percent and 4.3 percent, respectively, while showings in the West decreased 0.8 percent.
“Property showing activity is a highly reliable leading indicator of current and future demand trends,” says Michael Lane, president of ShowingTime. “The data from showings can be used to forecast market trends, facilitate better decision-making for buyers and sellers, and assist real estate professionals in identifying and capitalizing on hot spots.
“MLSs and REALTOR® associations have a huge appetite for data and analytics,” Lane says. “Our clients have asked us to research, design and implement analytical tools for their business-to-business services with real estate agents and brokers. This is an example of that work on behalf of our clients.”
The Index tracks the average number of appointments received on an active listing during its lifecycle.
For more information, please visit www.showingtime.com.
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