The Housing Market Hotness Index registered a slight increase to 96.49 for the week ending May 4, 2025, up from 95.75 the prior week. Despite this marginal improvement, the national housing market continues to exhibit overall sluggishness, with demand remaining comparatively subdued throughout the year due to elevated prices and interest rates. However, this national overview masks significant variations across local markets. Certain regions, particularly in the Northeast and Midwest where home prices are more accessible to a wider range of budgets, continue to experience robust activity. In contrast, other areas are facing stagnant conditions.
The most active markets included Kent County (MI), Monroe County (NY), Snohomish County (WA), Pierce County (WA), and San Mateo County (CA), while the weakest market activity was concentrated in Broward, Miami-Dade, Lee, and Palm Beach Counties in Florida.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
