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Home Showings in the U.S. in April 2023
Showings Down 10% Y/Y in April
April 2023 U.S. showings were down 10% year-over-year, with 747,632 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity is inclined compared to last month, March 2023.
SentriLock Cards Inclined 5% Y/Y
Total U.S. SentriLock cards rose 6% year-over-year to 223,994. 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 by 14% 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 14% year-over-year in April.
Regional Home Showings in May 2023
All Four Regions Saw Y/Y Showings Decrease
All four regions saw a decrease in showings on a year-over-year basis in April: Northeast (-18%), Midwest (-14%), West (-11%), and the South (-6%)
Y/Y SentriLock Cards Increased In Two of the Four Regions
Cards on a y/y basis were up in the South (13%), followed by the Midwest (5%). Cards were down in the Northeast (-9%) followed by the West, which was down (-1%).
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 April. The Midwest had the largest dip of (-18%) followed by the South with a decline of (-17%). The West fell (-10%), followed by the Northeast (-9%) in April.
