There was a rise in the number of home showings last month with a near-9% increase year-over-year
There was a rise in the number of home showings last month with a near-9% increase year-over-year.
Figures from ShowingTime reveal that the South led the increase with an 11.6% rise, which highlights that potential buyers have not been put off by the hurricanes in the region.
The Northeast also saw strong gains in showings, up 10.2% from October 2016; the Midwest was up 8.1% and the West 5.5%.
Showing traffic traditionally sees a downturn in the fall and winter seasons but the index shows that buyer interest is holding up well.
“Despite the time of year and the concerns raised after last month's demand decreased by 10 to 30 percent in some southern markets following Hurricane Irma, buyers in the South Region have quickly returned to the market as buyer interest has rebounded to pre-hurricane levels," said ShowingTime Chief Analytics Officer Daniil Cherkasskiy.
The index is compiled using data from ShowingTime products and services which account for more than 4 million showings each month.
Figures from ShowingTime reveal that the South led the increase with an 11.6% rise, which highlights that potential buyers have not been put off by the hurricanes in the region.
The Northeast also saw strong gains in showings, up 10.2% from October 2016; the Midwest was up 8.1% and the West 5.5%.
Showing traffic traditionally sees a downturn in the fall and winter seasons but the index shows that buyer interest is holding up well.
“Despite the time of year and the concerns raised after last month's demand decreased by 10 to 30 percent in some southern markets following Hurricane Irma, buyers in the South Region have quickly returned to the market as buyer interest has rebounded to pre-hurricane levels," said ShowingTime Chief Analytics Officer Daniil Cherkasskiy.
The index is compiled using data from ShowingTime products and services which account for more than 4 million showings each month.
