March 2023 Foot Traffic

United States

Showings Down 16% Y/Y in March

March 2023 U.S. showings were down 16% year-over-year with 708,861 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity increased compared to last month, February 2023.

SentriLock Cards Increased 6% Y/Y

Total U.S. SentriLock cards rose 6% year-over-year to 223,708. SentriLock cards, comprised of SentriKey® and SentriCard®, allow REALTORS® to access the Sentrilock® lockbox and are an indicator of the number of REALTORS® who conduct the showing.

Showings Per Card Decreased by -21% 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 by -21% year-over-year in March.

Line graph: U.S. Home Showings, January 2009 to March 2023


All Four Regions Saw Y/Y Showings Decrease

All four regions saw a decrease in showings on a year-over-year basis in March: the Northeast region (-25%), Midwest (-19%), West (-18%), 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 (14%), followed by the Midwest (6). Cards were down in the West (-1%) followed by the Midwest which was down (-10%).

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 March. The Midwest had the largest dip of (-23%), followed by the South with a decline of (-22%). The Northeast and the West both fell (-17%) in March.

U.S. Map: Year-over-year Change in U.S. Home Showings by Region, March 2023

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