Buyer Competition Slows As Showings Per Listing Fall

Buyer Competition Slows As Showings Per Listing Fall

The best way to get a feel for whether or not a home for sale fits your needs is to see it in person. Nothing beats actually walking through a house to get a sense of its layout and how it would accommodate your life. Which is why buyers interested in a house will schedule a time to inspect the house. This will help them decide whether or not to make an offer. Showings can help gauge buyer competition in the housing market.

Buyer Competition Slows

How many showings a listed home garners is an excellent indicator of how many buyers are interested in it. Which is why measuring the average number of showings per listing is an effective way to gauge how much competition today’s buyers should expect when shopping for a house. Put simply, when the number of showings per listing is high, competition and bidding wars are more common. So how many showings are listings getting on average these days? According to one recent analysis, the number of showings per listing has begun to fall. In fact, average showings dropped to 7 in May from 8.49 the month before. That’s down about 13 percent from last year at the same time. It’s also a sign that the market has slowed and buyer activity this summer isn’t quite as intense as it was last year. Click on the link for more information.

A1 Mortgage

Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your needs. So come get pre-approved and start shopping for your dream home by clicking here!

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