Brief Overall Description of the Dataset:
“Every month SentriLock, LLC. provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC. are used in roughly a third of home showings across the nation.” NAR states this measure is a strong leading indicator of contract activity one to two months down the road. Emailed Ken Fears of SentriLock about data access and he provided much of information below.
Link: http://economistsoutlook.blogs.realtor.org/tag/foot-traffic/
Date Inventory Completed: 6/8/2015
Screening
- Is the data collected opinion-based?
- Is the data collection recurring (must be collected at least annually)?
- Is there data available for 2013?
- Is the data collected at the property or housing unit level?
- Can we access the data by August 15th?
Purpose
What is the purpose of the organization collecting the data?
SentriLock is the Official Lockbox provider of the National Association of REALTORS® and is also a proud partner of the REALTOR Benefits® Program
Why is it collected and how does the organization use it?
The data is collected digitally to track product use. National Association of Realtors use the data as Foot traffic is used as a very strong leading indicator of future home sales.
Who else uses the data?
Realtors and national Association of Realtors
- Who do they sell the data to?
Realtors and national Association of Realtors
Method
What is the data collection method?
Electronic data sent from SentriLock boxes
What is the type of data collected?
Digital
If designed, who created the questions?
What is the raw source of the collected data (prior to any aggregation)?
SentriLock useage
Description
What is the general topic of the data (1-2 words)?
Foot traffic
What are the earliest and latest dates for which data is available?
~ 2012, “two years ago”
Is data collected and available periodically?
Sent to National Association of Realtors monthly
How soon after a reference period ends can a data source be prepared and provided?
A month
Selectivity
What is the universe (e.g., population) that the data represents?
Data is not currently break the data down to the county leve, only at the REALTOR board level. This is due to agents frequently not assigning the lockbox to the property address - therefore can only make general assumptions about the large geographic areas served by the local real estate association. Housing stock on the market where realtor uses sentri lock (can be as low as 20% in some areas).
Accessibility
- How is the data accessed?
Unknown
Is it open data?
No
Any legal, regulatory, or administrative restrictions on accessing the data source?
Cost? - One time or annual or project based payment?
Does this dataset appear to meet our needs for the Census study? NO
Explanation:
Not available at the geographic level needed and unsure about coverage in the areas of interest. After contacting National Association of Realtors, found out that Northern Virginia Association of Realtors do not use SentriLock so no data is available there.