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Home Showings in the U.S. in October 2023
Showings down 3% Y/Y in October
October 2023 U.S. showings were down by 3% year-over-year, with 641,993 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity has declined compared to last month, September 2023.
SentriLock Cards Increased 4% Y/Y
Total U.S. SentriLock cards rose by 4% year-over-year to 233,164. 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 7% 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 7% year-over-year in October.
Regional Home Showings in October 2023
Three of the Four Regions Saw Y/Y Showings Decrease
Three of the four regions saw a decrease in showings on a year-over-year basis in October: West (-11%), Northeast (-8%), Midwest (-2%), but up in the South (5%).
Y/Y SentriLock Cards Increased In Two of the Four Regions
Cards on a y/y basis were up in the South (12%), followed by the Midwest (2%). Cards were down in the Northeast (-15%), followed by the West, which was down (-2%).
Showings Per Card Decreased In Three of the Four Regions On A Y/Y Basis
Three of the four regions saw a year-over-year decrease in showings per card in October. The Northeast had the only gain of (8%). The West had the biggest decline (-9%), followed by the South fell (-6%). The Midwest had the smallest decline of (-4%).
