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- 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 Neuse River Region Association of REALTORS® (NC) eased 5% in March compared to the same time a year earlier. This is the first decline in year-over-year growth since July of 2012 and followed two months of strong gains.
- This month’s trend may reflect robust growth last spring which would leave traffic at a solid level.
- To date, steady employment gains coupled with record mortgage rates are drawing potential buyers to open houses. However, employment growth hit a slow patch last month, which should improve through summer.
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