Every month SentriLock, LLC. provides NAR with data on the number of properties shown by a REALTOR®. SentriLock Lockboxes are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.
The foot traffic index slightly dropped 0.1 points in November from October.
Home showings picked up in September as mortgage rates continued to trend down, making a home purchase more affordable.
Home showings remained flat in July despite lower mortgage rates, as potential buyers appeared to have become more cautious given current economic conditions.
Foot Traffic increased by 5.5 points from last month to 40.1.
Buyer traffic is starting out slightly sluggish this spring, but may pick up in the later spring months due to rising inventory.