The Importance of Foot Traffic in Real Estate | Guest Post
In real estate, we all know that foot traffic is an important metric to pay attention to. Even though we’ve seen an uptick in the use of web listings and Internet-based consumer behavior, foot traffic is still a strong indicator of what is going on in the real estate market.
It makes sense because real estate is something that most people want to see and experience before they make an offer. Rightly so, since it’s such a big investment for so many of our clients!
What does foot traffic tell us?
Foot traffic is a healthy indicator of the overall health of the real estate market. It indicates rough numbers of how many people are out physically looking at properties. We know that there is a direct relationship between foot traffic stats and closings month over month. This means that foot traffic is a number we want to pay attention to.
As professionals in the real estate industry, we want to make sure we are knowledgeable in the latest trends and what that means for our clients. We have more information on the latest trends on our website and we also have a great resource for consumers on our latest blog, HERE.
The views, opinions and positions expressed within this guest post are those of the author alone and do not necessarily represent those of the Denver Metro Association of REALTORS®. The accuracy, completeness and validity of any statements made within this article are not guaranteed. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author and any liability with regards to infringement of intellectual property rights remains with them.
If you are interested in submitting a guest post, please contact Sarah at sgoode@dmarealtors.com.
