From NAR Economy Outlook (April 20, 2012:
- 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 Scenic Coast Association of REALTORS®, Inc. (CA) for March jumped 24% compared to a year earlier.
- That year-over-year gain reversed the 2% year-over-year decline registered in February.
- Foot traffic in this area was strong last spring, but surged in late summer, the typical pattern for this market. This trend would mark an early and more balance sales path for the year.