Showings on homes with SentriLock lockboxes were down 1% in June compared to one year ago, as home prices are at a record high and increasing at the quickest rate ever, according to the NAR SentriLock June 2021 Home Showings 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 June compared to one year ago. Nationally, SentriLock home showings were down 1% year-over-year. SentriLock showings totaled 963,260 for June, down from the 973,615 recorded in June 2020, and down from the 1,030,784 recorded in May 2021.
- Showings decreased year-over-year in virtually every region. Decreases were seen in the Northeast Region (-26%); Midwest Region (-18%); and South Region (-9%), while the West Region increased (34%).
- The number of active REALTORS® showing homes increased 20% year-over-year.
- The average number of showings per REALTOR® decreased 17% year-over-year.
Excerpted from the NAR SentriLock Home Showings Report: June 2021.