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Slowdown in Showings Suggests Further Declines in Existing Home Sales in Coming Months

Slowdown in Showings Suggests Further Declines in Existing Home Sales in Coming Months

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Jul 19, 2022
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
Slowdown in Showings Suggests Further Declines in Existing Home Sales in Coming Months
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The following data is courtesy of David Arbit, Director of Research at the Minneapolis Area REALTORS® and NorthstarMLS (posted with permission). Here is a link to their data.

This graph shows the 7-day average showings for the Twin Cities area for 2019, 2020, 2021, and 2022. The 7-day average showings (red) are currently off 23% from 2019.

This slowdown i…

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