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- Foot traffic can give 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 Pagosa Springs Area Association of REALTORS® (California) has been stronger than a year earlier in every month since April. This year’s strength relative to last year coincides with the end of the $8,000 tax credit.
- However, the year-over-year different was relatively modest in both credit and not credit periods suggesting that the tax credit was not a significant driver of sales in this area. Interest in housing is steady, but job growth would greatly benefit the local market.
- For more information on this data and its use, see the economist’s commentary, “"Foot Traffic - Getting a Step Ahead".
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