Nationwide increase in homebuyer traffic
November proved to be a busy month for home showings as buyers continued to show keen interest in the market.
According to the Showing Index report from ShowingTime, showings increased 12.6% year-over-year nationwide in the month, marking the strongest of fourth consecutive month of annual increases.
“Although market slowdown is typical around the holidays, November 2019 was one of the busiest Novembers on record,” said ShowingTime Chief Analytics Officer Daniil Cherkasskiy. “While different markets saw varying levels of activity, several saw a substantial increase, as a greater number of buyers continued their search for a home than we typically see during the season. In addition, the lateness of Thanksgiving this year compared to last year’s early holiday pushed the year over year number of showings even higher in November.”
Regionally, the West saw the greatest growth in activity in November at 23.1%, the region’s greatest in the history of the Showing Index. The South gained 15.4% with the Northeast close behind at 13% while there was a more modest 7.1% gain for the Midwest.