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United States
Showings Down 14% Y/Y in February
February 2023 U.S. showings were down 14% year-over-year, with 598,956 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity declined compared to last month, January 2023.
SentriLock Cards Inclined 2% Y/Y
Total U.S. SentriLock cards rose 2% year-over- year to 222,545. SentriLock cards, comprised of SentriKey® and SentriCard®, allow REALTORS® to access the Sentrilock® lockbox and is an indicator of the number of REALTORS® who conduct the showing.
Showings Per Card Decreased 16% Y/Y
The number of showings per card reflects the strength of buyer interest per listed property. At a national level, showings per card decreased 16% year-over-year in February.
Regional
All Four Regions Saw Y/Y Showings Decrease
All four regions saw a decrease in showings on a year-over-year basis in September: Northeast region (-14%), Midwest (-12%), West (-19%), and the South (-11%).
Y/Y SentriLock Cards Increased In Two of the Four Regions
Cards on a y/y basis were up in the South (15%), followed by the Northeast (2%). Cards were down in the West (-1%), but the Midwest was down (-8%).
Showings Per Card Decreased In All Four Regions On A Y/Y Basis
All regions saw a year-over-year decrease in showings per card in February. The South had the largest dip of (-23%) followed by the West with a decline of (-18%). The Northeast fell (-16%), and the Midwest had the smallest decline of (-4%).