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  • Foot traffic provides a strong indication of future home sales.  SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
  • Foot traffic in the area covered by the Iowa City Area Association of REALTORS® had been stronger than a year earlier for most of the summer as the effects of last year’s tax credit induced sales wore off.
  • However, in August, the year-over-year spread in foot traffic collapsed.  Sales are now even with last year’s pace.
  • For more information on this data and its use, see the economist’s commentary, “Foot Traffic - Getting a Step Ahead”.