ShowingTime Showing Index® shows South with largest regional increase at 9.3 percent
South Region (9.3 percent) exhibits highest regional increase for the second consecutive month, while Northeast (4.9 percent) and Midwest (4 percent) regions also experience increased showing activity
West Region (-8.2 percent) sees year-over-year decrease for the third straight month
ShowingTime combines showing data with findings from its MarketStats division to provide a set of benchmarks that track demand for active listings throughout the country
Showing activity across the U.S. increased 4.6 percent year over year in April, according to the Showing Time Showing Index®, as buyer demand continues to rise throughout most of the country.
The South Region experienced the highest regional year-over-year increase for the second consecutive month, jumping 9.3 percent, while the Northeast (4.9 percent) and Midwest (4 percent) regions also saw a rise in showing activity.
Activity in the West Region dropped 8.3 percent compared to April 2017, marking the region’s third consecutive year-over-year monthly decrease.
ShowingTime Chief Analytics Officer Daniil Cherkasskiy said the near-record level of showing activity across the country indicates high consumer demand remains despite rising home prices.
"Overall, we continue to see record levels of activity across the U.S.,” Cherkasskiy said. “Showing activity only declined in the West Region, while other regions throughout the country have consistently experienced increased demand."
The ShowingTime Showing Index, the first of its kind in the residential real estate industry, is compiled using data from property showings scheduled across the country on listings using ShowingTime products and services, which facilitate more than 4 million showings each month.
The Showing Index, released the third week of each month, tracks the average number of appointments received on an active listing during the month. Local MLS indices are also available for select markets and are distributed to MLS and association leadership.