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As you can see from the charts, showing activity fell sharply from April 2007 levels. While not surprising, this is the first time we’ve been able to track showing effects directly after season. It seems the more listings we have doesn’t equate to more showings. It would be interesting to see how many showings we had when we had few listings. I’d venture to say many listings had many showings each day, not less than 1 per week as it is now.
Sellers as you could imagine are quite frustrated by low showing activity. I’ve spoken with Realtors across the county who essentailly tell a similiar story. With a limited number of buyers, and high inventory, showing activity is down per listing.
Approximately 4% of all homes on the market are selling each month, so sellers must be proactive in pricing their home. The best priced homes in each market segment are getting the showing, and the offers. It’s not rocket science.
May 2007 Statistics:
| Total Number of Showings February 2007 |
760 |
| Average Number of Showings Before Selling |
6.5 |
| Average number of Showings During 1st Week of Listing |
.2 |
| 2nd Week of Listing |
.4 |
| 3rd Week of Listing |
.4 |
| 4th Week of Listing |
.2 |
| 5th Week of Listing |
.3 |
| 6th Week of Listing |
.3 |
April 2007 Statistics:
| Total Number of Showings February 2007 |
889 |
| Average Number of Showings Before Selling |
6.3 |
| Average number of Showings During 1st Week of Listing |
.2 |
| 2nd Week of Listing |
.3 |
| 3rd Week of Listing |
.3 |
| 4th Week of Listing |
.4 |
| 5th Week of Listing |
.2 |
| 6th Week of Listing |
.2 |
March 2007 Statistics:
| Total Number of Showings February 2007 |
938 |
| Average Number of Showings Before Selling |
6.7 |
| Average number of Showings During 1st Week of Listing |
.6 |
| 2nd Week of Listing |
.4 |
| 3rd Week of Listing |
.3 |
| 4th Week of Listing |
.3 |
| 5th Week of Listing |
.3 |
| 6th Week of Listing |
.3 |
February 2007 Statistics:
| Total Number of Showings February 2007 |
962 |
| Average Number of Showings Before Selling |
5.5 |
| Average number of Showings During 1st Week of Listing |
.4 |
| 2nd Week of Listing |
.2 |
| 3rd Week of Listing |
.3 |
| 4th Week of Listing |
.3 |
| 5th Week of Listing |
.2 |
| 6th Week of Listing |
.2 |
January 2007 Statistics:
| Total Number of Showings December 2006 |
945 |
| Average Number of Showings Before Selling |
6.0 |
| Average number of Showings During 1st Week of Listing |
.3 |
| 2nd Week of Listing |
.4 |
| 3rd Week of Listing |
.5 |
| 4th Week of Listing |
.3 |
| 5th Week of Listing |
.3 |
| 6th Week of Listing |
.5 |
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