May 31, 2017 – The Northeast Region had the highest year-over-year increase in showings at 9.7%, while the South Region experienced a decline of 0.1% compared to last April. The Midwest Region was up 4.8% while the West had a 1.2% increase in showings over April 2016.
The Showing Index, the first of its kind in the real estate industry, is compiled using data from property showings scheduled across the country on listings using ShowingTime products and services. More than three million showings are managed each month using ShowingTime technology.
ShowingTime President Michael Lane said the Showing Index – which tracks the average number of appointments received on an active listing during the lifecycle of the listing – is an accurate gauge of real estate demand. It is the first index being introduced by ShowingTime’s MarketStats division, and will be one of several economic indicators to be compiled based on showing activity.
Click here to download the ShowingTime Showing Index – April 2017 report.
For inquiries, contact research@showingtime.com.