Home Showings Are on the Rise After Steep Fall Off
April 23, 2020
As real estate pros find new ways of conducting business during a pandemic, home showings are on the rise.
While showings dropped between March 12 and April 12, data from the national showing service ShowingTime shows that home showings have been on the upswing, with a 39% increase in the last two weeks. The uptick is likely due to virtual showings rather than in-person showings.
The largest increase in showings has been for homes priced $300,000 to $500,000 as well as those over $800,000, according to ShowingTime. Even in markets particularly hard-hit by the virus, like New York, showing numbers are increasing.
“We’re seeing innovation coming out of pain, as agents have quickly embraced virtual showings to keep their business going,” says Michael Lane, ShowingTime president. “More and more virtual showings are scheduled every day through our systems, signaling that many markets are responding to this innovation positively.”
ShowingTime and “A Sign of Hope? Home Showing Data Shows Increase Over Past Two Weeks,” Forbes.com (April 22, 2020)
Updated: January 20, 2022