Business View Civil and Municipal | Volume 2, Issue 9

9 CIVIL AND MUNICIPAL VOLUME 2, ISSUE 9 HOMEBUYER TRAFFIC COOLS IN JULY, THOUGH SHOWINGS REMAIN AT HISTORIC LEVELS 110 markets still averaged more than 20 showings per listing during the first five days that listings are active. Lakeland, FL was one of the few markets that recorded a month-over-month increase in showings, while Seattle, Denver, Memphis, and Orlando lead in double-digit showings S howingTime, the residential real estate industry’s leading showing management and market stats technology provider, found that showing activity slowed during July compared to prior months, but still remained at historic levels with 110 markets averaging more than 20 showings per listing during the first five days, per data from the ShowingTime Showing Index®. “In general, there are definite signs of cooling demand,” said ShowingTime President Michael Lane. “However, buyer traffic is still at historically high levels compared to pre-pandemic showings.” Of the top 30 markets tracked by ShowingTime, only Lakeland, FL recorded a month-over-month increase in showings per listing. The slowdown is consistent with the normal seasonality of residential real estate. OPENING L INES