Showings up 15%...every week??
I got an interesting email this morning from ShowingTime. They are the company that schedules and oversees showings through the MLS. Needless to say, I trust their data.
The email this morning was full of the latest stats regarding showings across the US.
What have they determined?
Showings are up from last week. 15% to be exact. And last week was up 15% from the week before that.
It's hard to say what is driving this, but I think a safe bet would be that it's from people getting antsy as well as wanting to take advantage of the low interest rates.
In my personal experience, although showings are still down as a whole, the buyers I am showing homes to (virtually), generally write an offer on the first home they see.
It will be interesting to see how this trend continues and what sort of changes we'll see depending on the government announcements in the coming weeks.