How Many Showing To Rent, On Average?

[Nick Stageberg]

Hello everyone!  Long-time lurker, first time poster :-)  

I'm curious how many calls, showings, and applications you see before having a signed lease.  Also, how may days on market and days of vacancy?

For myself, I would say I get about 20 calls, 7 showings and three applications with 45 days on market and 0 days of vacancy. 

A little background, in case you are interested:  I have been slowly growing my rental portfolio for the last 5 years and currently have three single family homes and one duplex.  I've always been very aggressive about showing a property, processing applications, and getting a lease signed as quickly as possible. Until last month I literally have never had a single day of an vacancy ever.  Now I have had one month of vacancy in one home and I only rented it after coming down on rent 10%, and both units in my duplex are vacant.  The home is in Oklahoma City, OK and the duplex is in Rochester, MN.  There are a lot of factors in play, such as the OKC market declining, and after recently moving I am managing remotely.  But ultimately I had at least 50 calls, 20 showings, and processed 3 applications before getting it rented.   This seems crazy to me.  I'm not sure what's wrong; I suspect I'm just priced too high, but I wonder if I have just been lucky up until now and what other landlords typically see. 

Thanks in advance for your feedback!