Home showings in July 2020 showed a strong rebound from the level in May, according to data from SentriLock®, LLC, a lockbox company.
- Showings continue to pick up as they rebound from the coronavirus pandemic. On a year-over-year basis in the Midwest, Northeast and Southern regions showings were up, 14%, 13%, and 6% respectively.
- The West region had the only decline in showings, at 4%, but this is also a smaller decline compared to the rate of decline in June (-13%).
- Overall, home showings were up for the first time since February at 6% in July 2020 from year-ago levels and is up significantly in comparison to the 50% decline experienced in April 2020.
- The diffusion index increased from prior month levels as it currently stands at 46.5, with 46.5% of roughly 200 MLSs boards reporting a year-over-year increase in showings with Sentrilock® lockboxes.