- Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings.
- Foot traffic in the area covered by the North Shore-Barrington Association of REALTORS® (Chicago, IL) fell 6% over the 12-month period ending in February of 2013. This decline in year-over-year traffic was the first in 13 months. However, this decline was from February 2012, when traffic surged 60% relative to February of 2011. The soft early spring foot traffic figures belie the fundamental strength as it is compared to a remarkably strong early 2012 market.
- Foot traffic suggests that sales are likely to remain strong this season, driven by record mortgage rates, stable job growth, and resurgent buyer confidence.
