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Monthly Real Estate Showings Data: March Shows Steady Increase for 2012

April 06 2012

Guest contributor Showing Suite shares the following article on their blog.

We've compiled our real estate showings statistics for the month of March, and compared the data against the last six years. So far, in 2012, our data is proving a continuous rise in overall real estate showings with the highest amount of home showings since 2007; and our data for the month of March is no different. According to Showing Suite's CBSA reports, we've found that in 2012, home showings in March continue to rise, at a 6% increase compared to March of 2011.

chart 11

In our previous report, we compared real estate showings data for February 2012 to our compiled data over the course of six years. In February's report, we found that home showings were at a constant rise compared to the years previoushome showings were at a constant rise compared to the years previous. For March 2012, our data shows that real estate showings continue to steadily rise with a 1% increase in showings over last month, February 2012. This puts home showings for March 2012 at an all-time high so far for the year of 2012, and since the housing market crash in 2007.

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In January 2012, our real estate showings report revealed more home showings for higher priced properties between 2008-2012more home showings for higher priced properties between 2008-2012, but more showings for lower priced properties in 2007. Our data for the month of March is showing the same trend over the last six years. Buyer's interest in higher priced homes is also steadily increasing, with 31% of home buyers more likely to be shown a home priced above $200,000.

With March 2012 technically being the busiest month for real estate showings since 2007, do you find that homes are typically on the market for a shorter amount of time compared to years prior?

To view the original article, visit the Showing Suite blogShowing Suite blog.