ShowingTime has launched a new feature, allowing home buyers and sellers, as well as their real estate agents and brokers, to see real-time data on home tour availability on a property.
The new feature is currently available in the Dallas, Houston, Denver and Atlanta markets, but will roll out nationally later this year.
Agents and brokers will be able to include the feature on their websites through ShowingTime’s application programming interface.
By displaying tour times in real time agents will be able to know what is available for their clients, cutting down on the chaos of trying to book a home tour in today’s incredibly competitive housing market. The feature also helps sellers, as they have access to real-time data of when their home is being toured. ShowingTime says that this feature will be incredibly useful in the upcoming busy spring and summer housing markets.
“Back-and-forth conversations about tour availability and scheduling hassles are time consuming and a potential deal killer in today’s fast-paced market,” Michael Lane, the vice president and general manager of ShowingTime, said in a statement. “This new feature’s functionality has long been sought in the industry because it helps everyone involved in a transaction — buyers, sellers and agents — by making it crystal clear when a home is available to tour, more quickly and easily getting buyers into the homes they want to see.”
According to Zillow, typical listings in February lasted just 11 days before a seller accepted an offer. In addition, a Zillow survey found that the number of home tours that a typical buyer takes in on the rise. In 2020 and 2021, typical buyers went on three private home tours, compared to two in 2018 and 2019.
ShowingTime’s February Showing Index Report also found that the number of markets averaging a double-digit number of showings per listing jumped 45% year over year from 75 to 109.