The Housing Market Hotness Index continued its upward trend, reaching 89.84 for the week ending February 23, 2025. While this could signal a potential thaw in the housing market, it’s also possible that this increase merely reflects a seasonal rebound from a particularly slow winter. Perhaps a combination of both factors is at play, with buyers and sellers alike coming to terms with the reality of sustained high mortgage rates and deciding to move forward with their plans. Only time will tell if this upward trend continues and the market will improve compared to last year.
Regionally, Santa Clara County in California remained the hottest housing market this week, while several Florida counties experienced the slowest market activity.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
