For the week ending June 8, 2025, the Housing Market Hotness Index declined slightly to 96.08, holding steady from the prior week. By comparison, during this same period in the past two years, the index consistently registered above 105, underscoring the subdued activity and ongoing challenges facing the housing market in 2025.
Mortgage rates remain elevated with little indication of relief, while persistently high home prices continue to sideline many prospective buyers. Adding to the hesitation is growing economic uncertainty, prompting further delays in purchase decisions.
Despite these national headwinds, housing market conditions remain highly regional. The most competitive markets this week included Kent County (MI), Monroe County (NY), Erie County (NY), Hennepin County (MN), and St. Louis County (MO). In contrast, markets in Florida and Texas continue to lag, weighed down by a significant rise in inventory.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
