Adding more fuel to the slowdown fire, home showings were down in April both month-over-month and year-over-year, according to ShowingTime.
The latest data highlights 103 markets across the country recorded double-digit showings per listing in April, compared to 146 in April 2021 and 121 in March of 2022.
The top 25 markets averaged more than 14 showings per listing, with Burlington, Vermont, and Bloomington-Normal, Illinois, leading all markets with 20.30 and 16.42 showings per listing, respectively. Other top markets included Richmond, Denver, Akron, Rochester and Bridgeport.
Seattle and Spokane were the only West Coast cities to hit the top 25 markets, according to ShowingTime. Regionally, the West saw a 35.3 percent annual decline in showings.
“April buyer activity was rather unusual, since it typically matches March levels,” said ShowingTime Vice President and General Manager Michael Lane. “But this year, April traffic was slower across all markets, pointing to competition softening. It contrasts with last year’s dynamic, when demand reached a feverish peak in April.”