The Housing Market Hotness Index reached 93.55 for the week ending March 16, 2025, but was well below the value of 100.47 that the index had attained at the same time last year. This indicates that the housing market remains constrained by elevated mortgage rates and high home prices. This is keeping many buyers and sellers waiting on the sidelines. Economic uncertainty and talk of potential recession are also impacting the market.
Monroe County (NY), Kent County (MI), and Santa Clara County (CA) led market activity, while Florida markets continued to lag.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
