Traffic Down

Not too long ago I said I was frustrated with my ability to get any statistics about how many showings were taking place overall. There's good news (sort of) on that front today.

First of all, I've got the stats from the National Association of Home Builders (NAHB) showing traffic in new homes. Now that I know where to find this information I'll be adding it to the list of numbers I watch. Again, the frustration is that it's a national number and not local. But it does add a little more information to the overall housing picture.

I said it was "sort of" good news because if you look at that green line which represents traffic the trend is definitely headed in the wrong direction. And, even though this is a national snapshot, the anecdotal evidence from my own listings and conversations with other agents would lead me to believe that this is a pretty accurate picture of what's happening in our market as well.

The other good news on this is that the National Association of REALTORS announced at the mid-year conference this week that they're working on finding a way to track showings of existing homes. And, once they have the data we should be able to break it down into more localized pieces for better analysis.

So watch this space for more developments on this front.

Meanwhile, if you're a seller the very small amount of good news here is that it's not just your home that doesn't have any one looking at it!