The Housing Market Hotness Index declined to 94.95 for the week ending June 22, 2025, down from 95.65 the previous week, marking a continued softening of market activity. This drop pushes the index into the “cool” range, reflecting a housing market weighed down by multiple headwinds: rising inventory levels, slower home sales, and persistent affordability challenges driven by high mortgage rates and elevated home prices.
The most competitive housing markets this week were concentrated in the Northeast and Midwest, where price points remain more attainable relative to income levels. Markets like Monroe County (NY), Kent County (MI), and Providence County (RI) continue to attract buyer interest. In contrast, Florida and Texas markets continue to struggle, with elevated inventory levels and muted demand contributing to weaker performance.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
