Home showings are a good indicator to watch, if you want to get a feel for what's happening in the housing market. After all, what better way is there to gauge how much interest home sellers can expect when they list their home or how much competition buyers will face from other buyers?
Knowing the number of home showings the average home for sale garners can tell you a lot about the current market. So how many showings does the typical listed home host? Well, according to one recent analysis, a majority of listings averaged between four and nine showings in September. That's down from double-digit showings during the peak of last year's market, but still a solid number.
Fewer markets saw a rising number of showings month-over-month, though – indicating demand has slowed as affordability challenges have increased. That means the housing market is less competitive these days, offering today's home shoppers more time to make decisions and more available options to consider.
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