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.
Home showings remained flat in July despite lower mortgage rates, as potential buyers appeared to have become more cautious given current economic conditions.
The foot traffic index decreased 5.6 points in June from May.
The foot traffic index increased 2.7 points in May from April.
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.
Foot Traffic is slightly lower than last month, but buyer traffic is bouncing back with the increasing number of homes on the market.
Foot Traffic dropped 1.1 points to 41.6 into the new year.
Foot Traffic climbed 14.7 points to 42.7 in December.
Foot Traffic picked up by 15.6 points to 28.0 in November.
Foot Traffic dropped significantly, by 27.7 points, to 12.4 in October.