Final search volume numbers are in for Q1 and it’s slightly better than expected: Opened search volume rose 8% quarter-over-quarter in Q1, and the year-over-year decline ended up just shy of 8%.

  • These numbers—better than the early returns we shared last week—mean March ended at a torrid pace. In fact, only two other months—April 2024 and October 2024—were stronger in the last 12 months.
  • Uncertainty, of course, is here now, with two days of steep market declines, so it will be interesting to see how many of these March openings end up getting placed. That will take time to see.
  • Closed search volume, on the other hand, remained fairly steady: down 4% QoQ, but flat YoY.