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October National Showing Index® Shows 8.9% Year-Over-Year Increase

Wednesday, November 22, 2017   (0 Comments)
Posted by: Sandy Thomas
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Home showings on the national level posted an 8.9 percent year-over-year increase in October, according to the October 2017 ShowingTime Showing Index®.

ShowingTime Chief Analytics Officer Daniil Cherkasskiy said the continued rise of buyer interest throughout the country indicates low interest rates, strong consumer confidence and relatively low unemployment rates are fueling the growing demand.

The South Region had the highest year-over-year increase in showings, recording an 11.6 percent rise compared to October 2016, negating concerns that buyers would be hesitant to engage in the market following Hurricane Irma’s impact in Florida and South Carolina. The Northeast Region increased 10.2 percent, while the Midwest Region posted an 8.1 percent increase. The West Region saw a 5.5 percent increase.

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