The holiday season has done little to deter homebuyer demand as the number of real estate showings at new property listings is heating up across the country. New listings in 13 housing markets averaged double-digit showings in November, according to the latest data from ShowingTime.
The Seattle area once again led all markets, averaging nearly 15 showings per listing. Denver followed with an average of 13 showings per listing, while five cities in Florida — Miami, Orlando, Port St. Lucie, Tampa and Sarasota — also saw double-digit showings.
“Showings traditionally lag during the holiday season, but the data we’re seeing tells us that buyer demand remains strong,” said Michael Lane, vice president and general manager of ShowingTime. “The fact that every region showed a year-over-year increase indicates that buyers are undeterred by the approaching holidays. It speaks to their desire to keep searching for their next new home.”
The ShowingTime Showing Index is compiled using data from more than 6 million property showings scheduled across the country’s real estate markets each month.
Both the Midwest and Northeast regions saw 14% increases in showing activity compared to last year, with the South’s 13.6% growth close behind, the release noted. The West saw a more modest 3% boost in activity, while the national average increased 12.5% last month.