REALTORS® Report Improving Seller Traffic in Some States in May 2015

In a monthly survey about local market conditions, NAR asks REALTORS®: “How do you rate the past month's traffic in the neighborhood(s) or area(s) where you make most of your sales?”  An index greater than 50 indicates that more REALTOR® respondents viewed traffic as “strong” than those who viewed traffic as “weak.”

The map below shows the index for each state. Seller traffic was reported to be generally “strong” in Montana, Wyoming, Utah, South Dakota, Texas, Oklahoma, Missouri, Virginia, South Carolina, Mississippi, Arkansas, Alabama, Vermont, Maine, and Alaska. Inventory remains generally tight in most states. The construction of new homes has started to pick up, but it is still below the 1.5 million units required arising from household formation and the replenishment of depreciated housing.