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May
23

Home showings soaring in Dallas-Fort Worth despite higher prices, mortgage rates

Quickly rising mortgage rates, high home prices and a persistent inventory shortage aren't enough to sideline Dallas-Fort Worth house shoppers, judging by new data on the number of showings per listing.   DFW remains solidly in double-digit territory and among the nation's leaders in the number of showings per home, according to an index by Showing Time, a home touring technology and data firm.  The ratio of showings to listings of DFW homes in March was 16.1. That's the same as it was in March 2021 and down an almost most meaningless 2% from February.  DFW's showings ratio is well above the U.S rate of 9.3 showings per home.  Nationwide, the number of markets seeing double-digit showings per listing jumped 46% in the past two months as buyer demand continues to outpace slightly rising inventory, according to the Showing Index. In hard numbers, that's 83 markets with double-digit showings in January of this year, 109 in February and 121 markets in March of this year.  The ShowingTime Showing Index is compiled using data from more than 6 million home showings scheduled across the country each month on listings using ShowingTime products and services. It tracks the average number of appointments received on active listings during the month.

  • Dallas Business Journal, April 29, 2022

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