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Home Showings in the U.S. in July 2023
Showings down 4% Y/Y in July
July 2023 U.S. showings were down 4% year-over-year, with 747,847 showings, according to data from SentriLock, LLC., a lockbox company. The pace of showing activity has declined compared to last month, June 2023.
SentriLock Cards Increased 6% Y/Y
Total U.S. SentriLock cards rose 6% year-over-year to 229,526. 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 9% 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 9% year-over-year in July.
Regional Home Showings in July 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 July: Northeast (-17%), West (-9%), Midwest (-8%), and increased in the
South (4%).
Y/Y SentriLock Cards Increased In Two of the Four Regions
Cards on a y/y basis were up in the South (16%), followed by the Midwest (2%). Cards were down in the Northeast (-8%), followed by the West, which was down (-2 %).
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 July. The Northeast, South, and Midwest all shared the largest dip of -10 %, followed by the West with a decline of -7%.
