• 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 eased 2% over the 12-month period ending in July in the area covered by the Maine Real Estate Information Systems.  July was the first month of a year-over year decline after three consecutive increases.
  • Mortgage rates jumped at the end of June rising nearly a full percentage point to average roughly 4.5% in July.  Rates along with low inventories likely drove this months decline, however current rates are historically low and affordability is strong.
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