Economists' Outlook

Housing stats and analysis from NAR's research experts.

Foot Traffic: Memphis Area Association of REALTORS®

  • Foot traffic can provide great insight into the direction 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 Memphis Area Association of REALTORS® was 8% stronger in May compared to the same time a year earlier.  However, this year-over-year comparison was stronger, 18%, in April.
  • Foot remains robust in the area and record mortgage rates combined with steady employment growth should help to maintain interest in housing demand.
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