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Like stock market futures, property showing activity is a highly reliable leading indicator of current and future demand trends. The ShowingTime Showing Index is the first of its kind for real estate.
CHICAGO, IL, May 18, 2017 /24-7PressRelease/ -- Michael Lane, President of ShowingTime, today announced the release of the ShowingTime Showing IndexTM for national and regional residential real estate markets to provide real estate professionals, REALTOR Associations, Multiple Listing Services and consumers with actionable insights to better serve buyers and sellers.
The Showing Index (www.showingtime.com/index), the first of its kind in the industry, is compiled using data from property showings scheduled across the country on listings using ShowingTime products and services. The company is the industry's leading showing management, analytics and market statistics provider, with more than three million showings managed each month using its technology.
"MLSs and REALTOR Associations have a huge appetite for data and analytics," Lane said. "Our clients have asked us to research, design and implement analytical tools for their business-to-business services with real estate agents and brokers. As a result, our recent acquisitions of leading market stats companies 10K Research and Real Estate Business Intelligence (RBI) are key elements in our strategy to offer a great range of data analytics products. The ShowingTime Showing Index represents a major step in this strategic direction."
Lane said the Showing Index - which tracks the average number of appointments received on an active listing during the lifecycle of the listing - is an accurate gauge of real estate demand. It is the first index being introduced by ShowingTime's MarketStats division, and will be one of several economic indicators to be compiled based on showing activity.
Mr. Lane is available for media interviews, please contact [email protected] for more information.
ShowingTime is the leading market stats and showing management technology provider to the residential real estate industry. Its products are used by 180+ MLSs and associations representing more than 900,000 real estate professionals across the United States and Canada.
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