New ShowingTime feature brings real-time tour availability to brokerage sites

Rhea-AI Summary

On April 4, 2022, ShowingTime launched a new feature that displays real-time availability for home tours on broker and agent websites, enhancing the efficiency of booking in competitive markets. This feature is currently live in Dallas, Houston, Denver, and Atlanta, with plans for nationwide rollout later this year. The ability to see available times reduces scheduling complications for agents, buyers, and sellers, allowing quicker home tours in a market where listings last just 11 days. This innovation aims to streamline the home buying process, benefiting all parties involved.

Positive

• Launch of a real-time home tour availability feature that enhances booking efficiency.
• Current implementation in four major markets with a national rollout expected.
• Helps agents schedule tours faster, critical in a market where listings last just 11 days.

Negative

• None.

Available to any agent or broker website, the feature will speed up and simplify scheduling, which is essential, especially in fast-moving markets

• Available times for home tours shown in real time on broker and agent websites
• New feature improves efficiency of tour scheduling in a competitive market, where listings last just 11 days
• Feature now live in four markets, with a national rollout coming later this year

CHICAGO, April 4, 2022 /PRNewswire/ -- ShowingTime is unveiling a new feature that displays home tour availability in real time, significantly speeding up the process of booking a home tour and reducing hassles for buyers, sellers and agents alike. 

"Back-and-forth conversations about tour availability and scheduling hassles are time consuming and a potential deal killer in today's fast-paced market," said Michael Lane, vice president and general manager of ShowingTime. "This new feature's functionality has long been sought in the industry because it helps everyone involved in a transaction — buyers, sellers and agents — by making it crystal clear when a home is available to tour, more quickly and easily getting buyers into the homes they want to see." 

The feature is live in Dallas, Houston, Denver and Atlanta, and will roll out nationally later this year. It will be available soon for easy inclusion on broker and agent websites everywhere via the application programming interface (API) of ShowingTime, a residential real estate industry leading technology provider of showing management and market stats. 

Real-time availability is designed to reduce the burden on agents, particularly due to the complicated nature of scheduling in today's highly competitive market. 

By using the feature, agents know for certain when a home is available to book and can schedule those tours with their buyers faster — a key component to quickly narrowing down the best options in a market where the typical listing lasts just 11 days before a seller accepts an offer. This will also greatly reduce the burden on listing agents to manage showing requests that conflict with unavailable times. 

Interest in 3D and virtual tours rose during the pandemic, but demand for in-person tours is heating up as well. The number of markets averaging double-digit showings per listing jumped 45% year over year, from 75 to 109 in February, according to ShowingTime's latest Showing Index^® report.

Typical buyers surveyed by Zillow in both 2020 and 2021 went on three private tours, one more than the typical buyer in 2018 and 2019. And in 2021, 95% of buyers took a private tour.  

Sellers benefit, too. A simpler, more efficient tour scheduling process means sellers can showcase their homes to more buyers who are ready to transact a sale. Sellers still living in the home they're showing will also have greater insight and control into potential tour windows and know exactly when buyers will arrive. 

About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter. As the most visited real estate website in the United States, Zillow^® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and ease. 

Zillow Group's affiliates and subsidiaries include Zillow^®, Zillow Offers^®, Zillow Premier Agent^®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia^®, Out East^®, ShowingTime^®, Bridge Interactive^®, dotloop^®, StreetEasy^® and HotPads^®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org). 

About ShowingTime 
ShowingTime is an industry leader in home touring technology and a proud affiliate of Zillow Group, Inc. ShowingTime's technology and services simplify the tour scheduling process for buyers, sellers, and agents across the industry. ShowingTime products are used in hundreds of MLSs representing more than one million real estate professionals across the U.S. and Canada.

CONTACT: 
Juliana Ferre
Barbara Wagner Communications  
787.568.3876
juliana@bwagnerpr.com    

Katie Prael
Barbara Wagner Communications
646.737.4600
katie@bwagnerpr.com

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SOURCE ShowingTime

FAQ

What is the new feature launched by ShowingTime on April 4, 2022?

The new feature displays real-time availability of home tours on broker and agent websites.

In which markets is ShowingTime's new feature currently live?

The feature is live in Dallas, Houston, Denver, and Atlanta.

When is the national rollout of ShowingTime's new feature expected?

The national rollout is expected later this year.

How does ShowingTime's feature benefit real estate agents?

It allows agents to schedule tours faster, reducing the hassle of managing conflicting show requests.

What impact does this feature have on home buyers?

It helps buyers see available times for tours quickly, facilitating faster home viewing.