Last year’s housing market was fast-paced and competitive. Buyer demand was elevated, and available listings often had multiple offers after hosting a steady stream of interested home shoppers. So what should we expect this spring, as the sales season kicks into gear? According to one recent analysis of home showings, maybe more of the same. The analysis – which looked at the number of home tours per available listing in markets across the country – found that the number of markets averaging double-digit showings per listing was up 45 percent in February from last year at the same time. Cities with double-digit showing activity increased from 75 last year to 109 this year. The gains were widespread. Among the busiest markets, Nashville led the way, with a 43 percent year-over-year increase. Other busy markets included Orlando, Bridgeport, Conn., Dallas, Hartford, Sarasota, and Charlotte. Fortunately for buyers, relief may be on the way, as the number of homes for sale is expected to rise, which should help reduce competition for available homes. (source)
