Showings were down in March

A couple of my data sources show that showings were lower in March of 2019 than they were in March of 2018. According to ShowingTime, they were down 9.2% in the midwest.

ShowingTime is the online appointment solution we use locally to schedule showings which are appointments to tour homes for sale.

In the Twin Cities homes on the market got an average of 6.8 showings in March as compared with 7.1 in March of 2018. One possible explanation could be that homes are selling so fast in the metro area that they are not on the market long enough to have many showings.

If I look at average days on the market in March of 2018 Vs. March of 2019, the numbers are 26 in 2018 Vs. 23 in 2019. Which means my theory has some merit.

Often with numbers, the cause and effect are not well established. A random metric is chosen and we are supposed to draw a conclusion.

There are more buyers than there are sellers. I think this trend will continue for the next several years. The trend impacts all of our metrics.

If you are interested in selling your house, please contact us for a free consultation. 

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