- Foot traffic can provide great insight into the direction of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
- Foot traffic in the area covered by the Memphis Area Association of REALTORS® was 8% stronger in May compared to the same time a year earlier. However, this year-over-year comparison was stronger, 18%, in April.
- Foot remains robust in the area and record mortgage rates combined with steady employment growth should help to maintain interest in housing demand.
