Showings on the national level increased 7.8 percent in July over the same time period last year, according to the July 2017 ShowingTime Showing IndexTM.
The Northeast Region had the highest year-over-year increase in showings at 13.2 percent, while the West Region experienced a slight decline of 0.8 percent compared to last July. The Midwest Region was up 6.7 percent, while the South had a 4.3 percent increase in showings over July 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 3 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 view the ShowingTime Showing Index - July 2017 report.
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