ShowingTime Introduces Showing Traffic Index™ for the Residential Real Estate Industry

November 2, 2016, Chicago, IL--Michael Lane, President of ShowingTime, announced today that the company is launching a newly developed residential real estate market index to provide real estate professionals, REALTOR® Associations and Multiple Listing Services with actionable insights to better serve buyers and sellers.

The Showing Traffic Index™ – to be launched first in the Mid-Atlantic region, in conjunction with MRIS, one of the largest MLSs in the country – was developed in part using data from the three million property showings scheduled across the country each month using ShowingTime products and services. The company is the industry's leading showing management, analytics and market statistics provider.

"Brokers today seek and value information that helps them run their business more profitably," said MRIS President and CEO David Charron. "The Showing Traffic Index is a wonderful example of how MLS data and showing data can be leveraged on behalf of real estate brokers. We look forward to applying this business tool in 2017."

ShowingTime anticipates that the Index, derived in part from the average number of appointments an active listing receives in a given month, will prove to be an accurate gauge of real estate demand. It is the first index being introduced by its MarketStats division, and will be one of several economic indicators to be compiled based on showing activity.

ShowingTime will be exhibiting at the National Association of REALTORS® Conference & Expo in Orlando. Mr. Lane will be available for media interviews on this topic. Please contact Tom Denk, VP of Marketing at tdenk(at)showingtime.com or (312) 545-9242.

About ShowingTime

ShowingTime equips real estate professionals with tools to efficiently schedule showings, generate feedback and report on activity. Its Market Stats division provides interactive tools and easy-to-read market reports for MLSs, associations, brokers and other real estate companies. ShowingTime products are used by organizations representing more than 900,000 real estate professionals. Visit showingtime.com.

ABOUT MRIS

MRIS is a leading provider of real estate information technology and one of the nation's leading multiple listing services (MLS), facilitating over $51 billion in system wide sales in 2015. The company supports over 46,000 real estate professionals in the Mid-Atlantic region, including Maryland, Northern Virginia, Washington, D.C. and parts of Pennsylvania, Delaware and West Virginia. MRIS provides its customers with a portfolio of best-in-class desktop, mobile and cloud-based technologies to improve the real estate transaction process for both real estate professionals and homebuyers and sellers. For more information, please visit MRIS.com or MRIShomes.com to search for thousands of available homes in the Mid-Atlantic region.