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 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.
After an early winter downturn, the diffusion index for foot traffic rose in January.
The Foot Traffic index dropped 12 points in December. The decline is likely a reflection of supply shortages and lack of affordability.
After a sharp increase in October, the diffusion index for foot traffic dipped in November.
Foot traffic sharply increased in October and is 33.9 points higher than a year ago.
This infographic contains September 2017 foot traffic information.
Foot traffic picked up in August and is roughly in line with a year ago.
Foot traffic sputtered in July after gaining steam in June.
Though the index showed improvement, tight inventory still limits traffic.