Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a Realtor. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends one to two months into the future.
The foot traffic index slightly dropped 0.5 points in October from September.
Home showings were essentially unchanged in October from a month ago. Low mortgage rates continue to entice buyers, with the 30-year fixed mortgage rate at below 4%.