The U.S. Housing Market Hotness Index registered 93.24 for the week ending August 24, 2025, marking the third consecutive week of flat performance. The market continues to languish as affordability challenges persist with home prices remaining elevated and mortgage rates holding above 6.5%, keeping many buyers on the sidelines. At the same time, inventory levels are climbing, creating divergent outcomes across regions.
In parts of the Sunbelt—particularly Florida—supply is rising, leading to price corrections. By contrast, sections of the Northeast remain competitive, where relative affordability and limited listings are sustaining multiple-offer scenarios and brisk activity. Meanwhile, other regions are gradually shifting toward balance, as higher inventory begins to ease the strong seller’s advantage that has defined the market for much of the past three years.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
