• 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 has been strong throughout the year in the area covered by the Long Island Board of REALTOR®. However, traffic was atypically strong in both the spring and now the late summer.
• If the trend keeps up, sales for 2012 will be significantly stronger than 2011 reflecting improved buyer confidence in the wake of steady improvements in employment and record low mortgage rates. Traffic was 32% higher in August than the same time in 2011.