Showings on homes with SentriLock lockboxes were down 19% in March compared to one year ago, according to the NAR SentriLock April 2022 Foot Traffic Report by the National Association of REALTORS® Research Group.
SentriLock lockboxes are used in roughly one-third of home showings across the nation. Every month, SentriLock, LLC provides its parent company, the National Association of REALTORS®, 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 two to three months into the future.
- Showings on homes with SentriLock lockboxes decreased in April compared to one year ago. Nationally, SentriLock home showings were down 19% year-over-year. SentriLock showings totaled 841,739 for March.
- Showings decreased year-over-year in virtually every region. Decreases were seen in the Northeast Region (-55%); Midwest Region (-27%); and West Region (-23%), and the South Region (-5%).
Typical seasonal showings trends changed in March when showing activity pace increased from previous months’ inclines.
Excerpted from the NAR SentriLock Foot Traffic Report April 2022