Foot traffic can give a strong indication 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 Burlington Board of REALTORS® (Iowa) rose 8% in May of this year compared to May of 2011. This year-over-year growth reverses the year-over-year decline of 2% experienced last month.
Traffic and sales typically rise through the spring and summer, but have been consistently stronger in the Burlington market this spring than last with the exception of April.