For the week ending June 1, 2025, the Housing Market Hotness Index dipped slightly to 96.23, down from 96.42 the previous week. Rising inventory levels and longer days on market reflect growing hesitation among buyers, many of whom are waiting for mortgage rates to ease.
The housing market remains under pressure, as elevated mortgage rates and high home prices continue to stretch affordability. With down payments harder to save and fewer homes priced within reach, many buyers are postponing their purchases in hopes of better conditions ahead.
Among the most competitive markets this week were Kent County (MI), Monroe County (NY), Providence County (RI), Erie County (NY), and Pierce County (WA). In contrast, Florida and Texas markets remain the softest, continuing to lag behind other parts of the country.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
