Economists' Outlook

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July 2020 Foot Traffic Report

Home showings in July 2020 showed a strong rebound from the level in May, according to data from SentriLock®, LLC, a lockbox company.

  • Showings continue to pick up as they rebound from the coronavirus pandemic. On a year-over-year basis in the Midwest, Northeast and Southern regions showings were up, 14%, 13%, and 6% respectively.
  • The West region had the only decline in showings, at 4%, but this is also a smaller decline compared to the rate of decline in June (-13%).
  • Overall, home showings were up for the first time since February at 6% in July 2020 from year-ago levels and is up significantly in comparison to the 50% decline experienced in April 2020.
  • The diffusion index increased from prior month levels as it currently stands at 46.5, with 46.5% of roughly 200 MLSs boards reporting a year-over-year increase in showings with Sentrilock® lockboxes.
Line graph: Foot Traffic January 2019 to July 2020
Line graph: Percent Change in Sentrilock Showings in July 2020 From One Year Ago


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