{"id":1593,"date":"2018-08-06T20:22:00","date_gmt":"2018-08-06T20:22:00","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2018\/08\/06\/south-region-heats-up-in-many-u-s-markets\/"},"modified":"2025-03-13T02:26:34","modified_gmt":"2025-03-13T02:26:34","slug":"south-region-heats-up-in-many-u-s-markets","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2018\/08\/06\/south-region-heats-up-in-many-u-s-markets\/","title":{"rendered":"South Region Heats Up As Buyer Demand Remains Steady in Many U.S Markets"},"content":{"rendered":"<div class=\"page\" title=\"Page 11\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<div class=\"page\" title=\"Page 11\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><em><strong>ShowingTime Showing Index\u00ae records year-over-year consecutive gains for key U.S. markets<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"column\"><strong>Key Points:<\/strong><\/div>\n<div class=\"column\">\n<div class=\"page\" title=\"Page 11\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<ul>\n<li>South Region (3.8 percent) exhibits the biggest increase in showings for the fourth consecutive month, while the Midwest (1.7 percent) also experiences an increase<\/li>\n<li>West Region (-6.9 percent) sees year-over-year decrease for fifth consecutive month; moderate inventory buildup occurring in some western markets<\/li>\n<li>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<\/li>\n<\/ul>\n<p>ShowingTime Chief Analytics Officer Daniil Cherkasskiy said that many U.S. real estate markets were just as busy in <a href=\"june-national-showing-index-shows-10-increase-from-june-2016\/\">June<\/a> as they were during an intense 2017, with buyers going on more showings in the South and Midwest regions of the country than they did at the same time last year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-48513 size-full\" src=\"https:\/\/www.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2021\/01\/Screen-Shot-2018-08-06-at-1_41_45-PM.png\" alt=\"south region heats up\" width=\"2096\" height=\"1224\"><\/p>\n<p>Data compiled for the ShowingTime Showing Index\u00ae reveals that <a href=\"high-consumer-showing-activity-showingtime\/\">homebuyer interest<\/a> overall remains strong, with the South experiencing the highest year-over-year increase in showing activity for the fourth consecutive month at 3.8 percent while the Midwest posted a year-over-year increase of 1.7 percent.&nbsp; The West (-6.9 percent) and Northeast (-2 percent), however, experienced year-over-year decreases; nationally, the combined index indicated showing activity for all regions was up 0.2 percent.<\/p>\n<div class=\"page\" title=\"Page 11\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>\u201cWe\u2019ve now seen five consecutive months of year-over-year decreases in the West Region and are also seeing a moderate buildup of inventory in some western markets,\u201d Cherkasskiy said. \u201cThese two factors point to a potential slowdown in demand in the West while real estate prices stay at historically elevated levels.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ShowingTime Showing Index\u00ae records year-over-year consecutive gains for key U.S. markets Key Points: South Region (3.8 percent) exhibits the biggest increase in showings for the fourth consecutive month, while the Midwest (1.7 percent) also experiences an increase West Region (-6.9 percent) sees year-over-year decrease for fifth consecutive month; moderate inventory buildup occurring in some western [&hellip;]<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-1593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - 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