The Housing Market Hotness Index edged down to 95.66 for the week ending April 27, 2025, a slight decrease from the previous week’s 95.92, signaling that economic and job uncertainty, combined with persistent high mortgage rates and home prices, continue to weigh on home buying activity. The US housing market remains a mosaic of trends, with brisk activity in some regions contrasting sharply with considerable slowdowns and increasing unsold inventory in others. While well-maintained and competitively priced homes in sought-after areas are still attracting buyers, many sellers are resorting to concessions and price reductions to secure a sale.
The hottest markets included Monroe County (NY), Kent County (MI), Middlesex County (MA), San Mateo County (CA), and Snohomish County (WA), while the weakest activity was concentrated in Broward, Miami-Dade, Lee, and Palm Beach Counties in Florida.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
