It’s no secret that the real estate market slows down in the winter and typically nearly screeches to a halt from shortly before Christmas to shortly after New Years. Therefore, when tracking showing activity in the St Louis area, the first week of January of each year is used as the base, or “0” value and then each rolling 7-day period afterward is compared to that first week.
As the chart below shows, in 2020 and 2021 all weekly averages of showing activity were above the baseline of January until getting close to Thanksgiving, with the one exception being late March and Early April of 2020 which was a result of the COVID-19 pandemic beginning. The orange line depicts this year and it shows showing activity all year has been below the levels of the prior two years for the most part, even dropping below January levels five times so far this year and has spent the bulk of September below the January levels. For the most recent 7 day period, ended September 25th, there were over 4% fewer showings in the St Louis area than during the first week of January this year.
Listing Showing Activity For the St Louis Metro Area (along with other markets served by MARIS)
(click on chart for live, interactive chart)
