DC Area Property Showings Continue Rebound

• June 24th 2020

by Nena Perry-Brown

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The DC area is in the second phase of "reopening" as stay-at-home restrictions are lifted, but the real estate market has been defiantly high-demand throughout the public health crisis even when sales dipped. Today, UrbanTurf is taking another look at trends for showings of homes on the market in the region.

The latest data from ShowingTime indicates that, for the week ending May 25th, in-person property showings nationwide had exceeded the rate observed during the same period in 2019. For the week ending June 21, showings were 9% higher than this year's pre-pandemic high, and nearly 5% higher than the same time last year.

Despite continuing to trend upward, DC proper showings are lagging behind the rest of the country. There have only been six days over the past month where the weekly average for property showings exceeded those seen the same time last year. For the week ending June 21, showings in the city remain 0.7% below the pre-pandemic peak, and almost 2% lower than the same time in 2019, an improvement from the 13.6% delta seen a month ago. 

However, property showings in Maryland similarly are having an uneven rebound. There were seven days this month where the weekly average of showings exceeded that from 2019, and over the week ending June 21st, showings were still almost 3% lower than those seen over the same time last year despite being 5% above the pre-pandemic peak. And while showings in Virginia are still trending upward, they remain firmly below the 2019 rates, having risen to 3% above the pre-pandemic peak over the week ending June 21st while lagging behind last year's rate by 11%.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dc-area-lags-behind-nationwide-rebound-in-showings/16990.