Economists' Outlook

Housing stats and analysis from NAR's research experts.

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

Advertisement

Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.