The Housing Market Hotness Index dipped to 92.42 in the first week of 2025, signaling a cooling market to start the year. This slowdown is attributed to a combination of factors: the typical winter season lull, elevated mortgage rates stemming from a strong labor market and persistent inflation, and high home prices. With both buyers and sellers hesitant to engage, market activity remains subdued. Monroe County, NY, continues to exhibit a strong market due to its relative affordability and limited housing supply.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
