A new report shows that Seattle is leading the nation in showings to prospective home buyers, even as the cooler late fall and winter seasons approach.
Seattle recorded an average of 14 showings per listing in September, followed closely by 13 in Denver. Those two markets have more than twice the national average of showings per listing, according to the latest ShowingTime Showing Index.
“In fall months, the ShowingTime Showing Index has been shown to be a leading indicator of the spring market for the coming year,” said Michael Lane, ShowingTime’s president. “In 2020, fall was incredibly competitive for buyers, while this year we’re seeing slightly lower numbers. This hints at a gradual easing of the inventory shortage coming into next year. A notable exception is the south region, which came in at 1.3% above last year’s September values.”
Regionally, the Northeast saw the most significant drop in residential showings with a 7.5% decline from last year. Showings in the West dipped 5.1%, while the Midwest saw a 4.3% decline in activity.
Overall, the U.S. witnessed a year-over-year decline of 5% from the same month in 2020.