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Property Showings Trending Upward in DC

  • May 22nd 2020

by Nena Perry-Brown

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As jurisdictions outside of the immediate DC area begin easing stay-at-home restrictions, UrbanTurf is taking another look at trends for showings of homes on the market. 

Change in showings nationwide from beginning of year. Click to enlarge.

ShowingTime's latest data indicates that in-person property showings nationwide are almost at the same rate that they were a year ago. Showings for the week ending May 21st were two percent lower than this year's pre-pandemic high, and 5.7% lower than the same time last year.

Showings have not rebounded quite as impressively in DC proper, although they are trending upward compared to a month ago. 

Change in showings in DC proper from beginning of year. Click to enlarge.

Property showings in DC for the week ending May 21st are just below the 2020 weekly average, and 13.6% lower than the same time in 2019. Because this year's market started off so hot in the city, showings over the past week are 18% lower compared to the peak seen just prior to the pandemic. 

Parts of Maryland and Virginia have already begun phased "reopening", but rebounds in showings have been a mixed bag. Property showings in Maryland are 10.6% lower than observed over the same time last year, and are 3.8% lower than this year's pre-pandemic peak. In Virginia, property showings have dropped off 25% compared to where they were at the same time last year, and 7.5% lower than this year's pre-pandemic peak.

See other articles related to: pandemic, showings, showingtime

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/property-showings-in-dc-18-lower-than-2020-highs/16873.

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