According to ShowingTime’s Showing Index report that was released in May 2022, home showing traffic has taken a plunge in April. In fact, home showing traffic was down 10.7% year over year and 12.1% month over month. The nationwide average showings per listing were only 8.49. In April 103 of the markets across the nation had a double-digit ratio of showings per listing which was down from 121 in March and 146 from April 2021.
Even with the decrease in traffic, ShowingTime still says the housing market is hot with buyers. “April buyer activity was rather unusual, since it typically matches March levels,” Michael Lane, ShowingTime’s vice president and general manager, said in a statement. “But this year, April traffic was slower across all markets, pointing to competition softening. It contrasts with last year’s dynamic, when demand reached a feverish peak in April.”
Burlington, Vermont had the most home showing traffic with an average of 20.3 showings per listing. This was up 16% from last year while Bloomington-Normal metro area in Illinois was second wtih 16.4 showings per listing, then Richmond, Virginia with 15.6, Denver, Colorado with 15.5 and Akron, Ohio with 15.2. Those with the lowest including Kansas City, Missouri (13.2), Fort Collins, Colorado (13.2), Detroit (13.1), Spokane, Washington (13), and Boulder, Colorado (12.9).
ShowingTime is the leading showing software and market stats service provider for residential real estate in the country. The service not only automates listings’ showing schedule but also generates a report of buyer leads. ShowingTime’s index is compiled using data from more than 6 million property showings scheduled across the country each month on listings using ShowingTime products and services.