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.
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.
Foot Traffic dipped 13.1 points to 40.1 in September. Buyer traffic continues to weaken due to persistent inventory constraints and rising interest rates.
Foot Traffic dropped 2.6 points to 53.2 in August.
Foot traffic climbed 3.2 points to 55.8 mid-summer in July.
Foot Traffic dropped 1.7 points to 52.6 in June. However, the diffusion index is slightly higher than last year by 5.6 points.