Home buyer enthusiasm may be on the decline

The chart shows the average number of in-person showings for houses that are for sale. The number of showings has gone down slightly. An early sign that buyers may be losing interest in house hunting. However, the demand for housing is great than the supply. Houses that are for sale are getting multiple offers and are selling quickly.

After the early days of the pandemic, the number of showings per house went way up.

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