BrokerPulse

RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Knock.com’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

Newsletter

The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

Home Showings Continue at a Torrid Pace

Home showings Increased 73.7 Percent Year Over Year in the Northeast Region, the Biggest Gain in the U.S. 

Key Points:
  • August showing traffic increased 61.9 percent year over year nationwide, the largest jump during the current four-month surge in activity
  • The Northeast Region’s 73.7 percent increase was the largest of the four regions tracked by the ShowingTime Showing Index® 

The summer housing market ended much as it began, as buyers again turned out in droves in August, according to data from the ShowingTime Showing Index®. The 61.9 percent year-over-year increase in nationwide showing activity is the largest recorded during the current four-month surge in demand.

Coupled with a lack of inventory and growing buyer demand, there was a marked increase in the average number of showings per listing. The sustained surge has reached historic heights, aided by continued adoption of virtual showings.  Screen Shot 2020-10-05 at 10.28.06 AM

“The trends we’ve been observing the past few months have continued, with buyers competing for fewer listings,” said ShowingTime Chief Analytics Officer Daniil Cherkasskiy. “Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September. Only in late September did we begin seeing signs of a seasonal decline.”  

The Northeast Region saw the largest gain for the third consecutive month, with a 73.7 percent increase in traffic. The West’s 55.1 percent year-over-year increase came next, followed by the Midwest’s 54.9 percent increase and the South’s 51.9 percent climb.

“If there was any question about the vitality of the market, August’s numbers provide a definitive answer,” said ShowingTime President Michael Lane. “It’s gratifying to know agents, teams and offices using our services have been able to manage this historic demand.”  

The ShowingTime Showing Index is compiled using data from more than six million property showings scheduled across the country each month on listings using ShowingTime products and services. The Showing Index tracks the average number of appointments received on active listings during the month. 

Most Popular Articles

Where is the housing market headed?

Rising incomes, low interest rates and all other factors, including the balance between families looking for housing and the availability of housing, point towards a continuation of the strong housing market of the last 15 to 18 months.

Oct 18, 2021 By

Latest Articles

Abortion, marijuana laws play a role in relocation decisions

People take the politics of a place into consideration when deciding where to move, but other factors including housing affordability and access to jobs and schools take priority, Redfin study shows

Oct 19, 2021 By