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.
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.
Demand is unrelieved as supply shortages continue to impede home sales.
Foot Traffic is comparable to last month and only dropped 0.8 points to 51.6 in April 2018.
Buyer demand strengthened in March, despite affordability and inventory constraints.
Foot Traffic dropped in February and is comparable to a year ago. Despite consistent low inventory, demand and sales are still showing growth.