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The Zucchelli Harper Team, Bright RealtyPhone: (941) 228-7473
Email: [email protected]

Homebuyer Traffic Is on the Rise

by The Zucchelli Harper Team 09/11/2020

Homebuyer Traffic Is on the Rise

Homebuyer Traffic Is on the Rise | MyKCM

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right.

ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime Showing Index:

“Home buyer traffic jumped again in July, recording a 60.7 percent year-over-year increase in nationwide showing activity.”

That means there are 60% more buyers setting appointments to see homes than there were at this same time last year. The number of potential purchasers was also up dramatically in every region of the country:

  • The Northeast was up 76.6%
  • The West was up 56.7%
  • The Midwest was up 52.1%
  • The South was up 46.7%

The Housing Market Is Showing a ‘V’ Type Recovery

ShowingTime also indicates the real estate market has already come back from the downturn earlier this year that was caused by shelter-in-place orders. Here are the year-over-year numbers for each region on a monthly basis (See graph below):Homebuyer Traffic Is on the Rise | MyKCMWe’re way ahead of where we were at this time last year. This data validates the thoughts of Frank Martell, President and CEO of CoreLogic, who recently noted:

“On an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.”

Bottom Line

If you’re thinking about selling your house, this may be a great time to get the best price and the most favorable terms.r

About the Author
Author

The Zucchelli Harper Team

Hi, we're the Zucchelli Harper Team and we'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. We'd be honored to put our real estate experience to work for you.

Jean Zucchelli

Licensed real estate professional for the past 12 years

Specialist in Resort and Second Home Properties

Former Business owner with extensive marketing experience

Knowledge of rental and investment markets

Voted Sarasota Magazine’s Five Star Best in Client Satisfaction (7 years)

Certified Home Staging Expert (HSE) 

Direct: 941-228-7473 

Patricia  Harper

Resident of Sarasota, FL for 17 years

Bachelor’s degree in psychology

Master’s degree in English Education

Former Director of Operations for an international nutritional supplement company

Former Vice President of a national cheerleading company

Direct: 941-685-9582