Monthly Real Estate Showings Data: April 2012

This article comes to us from the Showing Suite blog:

Everyone has their own opinion on the current real estate market, whether it's recovering or still in a downfall. There are many contributing factors that are influencing the current market conditions, including how many real estate showings, or "foot traffic" a home gets. We've compiled our CBSA real estate showings data for the United States throughout April 2012 and it proves to raise a few questions about where the market is headed for the rest of 2012. Real estate showings were steadily on the rise from January 2012-March 2012, but saw a large drop in April. Compared to the previous months of 2012, real estate showings in April are down 3% compared to March 2012.

Although home showings in April have decreased on a month-to-month basis, when compared to the month of April in 2010 and 2011, real estate showings in April 2012 are still on the rise, at a 3% increase over April 2011. This could still mean good news for the rest of 2012, since home buyer foot traffic has still increased overall for 2012.

According to Seth Siegler, Showing Suite's Chief Technology Officer, real estate showings have a visible connection with the proceeding market. "Nobody has a crystal ball that can tell them what the real estate market is going to do, but accurate showings data is as close as you can get. Increased showings almost always precede increased sales and we've been seeing in our data for metro markets time after time. A steady national rise, year over year is a great sign of things to come for the US real estate market," said Siegler.

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