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- Foot traffic provides 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 Iowa City Area Association of REALTORS® had been stronger than a year earlier for most of the summer as the effects of last year’s tax credit induced sales wore off.
- However, in August, the year-over-year spread in foot traffic collapsed. Sales are now even with last year’s pace.
- For more information on this data and its use, see the economist’s commentary, “Foot Traffic - Getting a Step Ahead”.
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