ShowTime data reveals Seattle and Denver are the nation’s busiest markets, while only the Southern region has seen an increase in views per ad year-over-year.

Fall 2021 market shows signs of gradually easing inventory shortage over the next year

Posted: October 25, 2021 at 10:51 a.m. CDT|Update: 53 minutes ago

CHICAGO, 25 October 2021 / PRNewswire / – The latest data from Time display, the leading provider of management technology and market statistics to the residential real estate industry, shows that Seattle and Denver lead the nation in buyer demand even as we move into the generally cooler seasons of late fall and winter. These two markets have more than twice the national average of views per ad, according to the latest ShowTime display index.®, which also reveals that the South is the only region to experience a slight increase compared to last year.

ShowingTime Logo (PRNewsfoto / ShowingTime)

“During the fall months, the ShowTime Display Index has proven to be a leading indicator of the spring market for the coming year,” said ShowTime President. Michael lane. “In 2020, the fall has been incredibly competitive for buyers, while this year we are seeing slightly lower numbers. That portends a gradual decrease in the inventory shortage to come next year. A notable exception is the southern region, which rose 1.3 percent above September values ​​of last year. “

Fifteen markets posted double-digit performance by quote in September, up from a peak of 146 markets in April. Denver, which recorded an average of 25 performances per registration in the spring, recorded 13 while Seattle recorded 14, both more than double the average in more than 350 US markets. Orlando florida, Manchester, New Hampshire, Dallas and Miami all recorded with an average of 11 screenings per ad during the month.

While the Southern region saw growth, other regions of the United States slowed down with home screenings. The Midwest was down 4.3% year-over-year, followed by declines of 5.1% in the West and 7.5% in the Northeast. The United States as a whole saw a 5 percent year-over-year decline.

ShowTime’s Viewer Index is compiled using data from over six million scheduled property visits across the country each month on listings using ShowTime’s products and services. It tracks the average number of appointments received on active lists during the month.

About display time
ShowTime is the industry leader in in-home touring technology and a proud subsidiary of Zillow Group, Inc. ShowTime’s technology and services simplify the online tour planning process for buyers, sellers and agents. ‘industry. ShowTime products are used in hundreds of MLS representing over one million real estate professionals across the United States and Canada.

View original content to download multimedia:

SOURCE Display time

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

Source link