The latest data from ShowingTime, a residential real estate industry-leading technology provider of showing management and market stats, shows that home buyers got a head start in February on what is proving to be a sustained busy stretch.
Even compared to last year’s early spring frenzy of home tours, the number of markets averaging double-digit showings per listing jumped 45 percent from 75 to 109, according to the ShowingTime Showing Index.
Dallas ranked No. 10 in the list of the 25 busiest markets recording big year-over-year gains. In Big D, showings are up 29 percent from last year. With 15.74 showings per listing in the region’s biggest market, that’s a lot of shoe leather being burned up by buyers.
February’s brisk activity throughout most of the country was in keeping with a trend that began in May 2020, when immediately after COVID-19 slowed real estate activity, buyers re-emerged to find their next home amid a shortage of available inventory.
“Seeing 109 markets with such impressive buyer traffic is remarkable,” said ShowingTime Vice President and General Manager Michael Lane. “A year ago, we were amazed to see 75 markets hit double digits in showings per listing. The heightened activity is widespread, with 17 states having at least one market averaging in double digits. We’re here to help agents navigate these circumstances with new features integrated into our platform tailored to meet their needs.”
