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Our mission at Shawna's Home Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Wednesday, July 5, 2017

What Do the Number of Home Showings Say About Our Market?

The trajectory of the number of home showings in our market over the first half of the year is nothing to be alarmed about.

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Over the last couple of weeks, we’ve been noticing a little bit of a stillness in our real estate market. We also noticed this little hiccup wasn’t just happening to our local market—it was happening nationwide.

Industry experts are calling this a “blip on the radar,” and it will be interesting to see if it carries into July. If it happens for two months in a row, we’re experiencing a trend, but for now it’s just a blip on the radar.

When looking at the numbers for the first half of this year in the 46143 zip code, I noticed a low number of showings in January, but that number climbed in February and March. For example, in January, for homes priced between $200,000 and $300,000, there were 318 showings. In February, that number rose to 412. In March, it went up to 592. In April, that momentum caused it to climb all the way up to 671. In May, that number plateaued around 670. In June, it dropped to 650.
For now, this stillness is just a blip on the radar.
This is nothing to be alarmed about, but like I said above, this decline was something the whole market felt from coast to coast. In any case, we will stay on top of this development. At Shawna’s Home Team, our average days on market is still just 22 days, and our homes are selling for 98.6% of our asking price.

If you have any questions or you’re thinking about buying or selling a home in our market, don’t hesitate to reach out to us by phone or email. We’d be glad to help you.