Foot Traffic in Indiana has a direct correlation with increased home sales in Southern Indiana and Real Estate in Louisville.
Foot Traffic is an important component of Real Estate projections and forecasts. It is defined as the presence and movement of individuals walking around inside a specific space. Foot traffic is essential to all kinds of businesses, especially retail establishments because greater foot traffic can result in greater sales. Methods companies can use to improve their foot traffic consist of holding grand openings, promotional events, demonstrations, giveaways, sales and charitable fundraisers.
Foot Traffic in Indiana is on the rise. Why is this important?
Foot traffic can give a powerful indication of future home sales.
Foot traffic within Indiana rose 18% in April of this year in comparison with April of 2011.
While this figure may seem strong, it's down from February of 2012 when foot traffic was 57% stronger than a year earlier. Much of that can be weather related. Nice weather in a typically cold month causes people to want to take advantage of the weather and get out of the house.
Traffic and sales usually rise through the spring and summer time, so if traffic remains powerful, it'll be a robust year for home sales in Northern and Southern Indiana