The Housing Market Hotness Index saw a slight increase, rising to 94.64 for the week ending December 15, 2024, compared to the previous week’s reading. However, overall housing market activity remains subdued. Elevated mortgage rates continue to challenge affordability, deterring many potential buyers and keeping homeowners with low-interest rate mortgages from selling. The typical winter slowdown is further impacting market activity. Despite these headwinds, Monroe County, New York, continues to exhibit a high level of activity, driven by a combination of low inventory and strong buyer demand.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
