Key Highlights
- ShowingTime Index measures demand by comparing number of showings, both virtual and in-person, to number of available properties
- Index uses January 2014 as baseline at score of 100
- More views/property, higher index score
The ShowingTime Showing Index measures demand for both for-sale and for-rent properties. Brokerages and agents use this service to book home showing appointments. The more booked appointments, the higher the index scores.
ShowingTime uses January 2014 with a baseline score of 100 as a basis of comparison. The higher the number of showing appointments, the higher the score. According to The New York Times, many brokerages use this service to book home showings including Coldwell Banker, Sotheby’s, Century 21, Douglas Elliman, Compass, Redfin and others.
In September 2020, ShowingTime indicates there were approximately 7M show bookings nation-wide making the total number of home showings just over 60M. Below you are looking at the number of home showings just in New York City.
Mike Lane, president of ShowingTime, said that the home booking appointment service is a “forward-looking index.” “There aren’t that many (indexes) that are giving you a feel for what’s happening for upcoming sales.”
Date # Appts. Prior Year % Change
10/2019 112 106 +6%
11/2019 105 95 +10%
12/2019 96 88 +8%
1/2020 153 128 +20%
2/2020 160 133 +21%
3/2020 128 157 -18%
4/2020 85 147 -42%
5/2020 166 136 +22%
6/2020 191 127 +50%
7/2020 200 124 +62%
8/2020 199 122 +63%
9/2020 185 112 +64%
12-month 148 123 +21%
average
Source: ShowingTime Showing Index
Thanks to ShowingTime and The New York Times.
Also read: Income Inequality Gap Widens, Americans on the Move – Part I, Silver Linings in This Recession
