There were more prospective homebuyers viewing homes in October according to an index of home showing traffic.
The ShowingTime Showing Index report reveals that showing traffic rose by 5.5% year-over-year, the largest national increase since March 2018.
It was the third consecutive increase and showings were up in all four major regions, although the South recorded the largest October increase with a 10.8% year-over-year gain, its biggest since January 2017.
“We are seeing expected seasonal slowdowns in October, although this fall continues to be more active than last year in terms of showing traffic,” said ShowingTime Chief Analytics Officer Daniil Cherkasskiy. “The increase in showing activity in both the South and West regions is noteworthy given that both had previously reported nearly year-long drops in traffic prior to August.”
While the South led the gains, the West’s 8.6% increase was close behind.
The Northeast posted its sixth consecutive month of year-over-year growth with a 3.8% increase while the Midwest rounded out the regions with a 1.5% year-over-year gain.
The index tracks data from property showings scheduled across the country on listings using ShowingTime products and services, providing a benchmark to track buyer demand.
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