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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.
- Year-over-year foot traffic levels have grown steadily over the last 4 months in the area covered by Lake Regional MLS (Minnesota).
- Foot traffic rose 68% in March of this year relative to March of last year. Improvements in employment and the stock market have boosted consumer confidence, which combined with record low mortgage rates is attracting buyers to open houses.
- For more information on this data and its use, see the economist’s commentary, “Foot Traffic - Getting a Step Ahead”.
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