The Housing Market Hotness Index registered a slight decline to 96.42 for the week ending May 25, 2025, from 96.83 the preceding week. The market’s struggle persists due to a combination of affordability challenges and prevailing economic uncertainty, including potential buyers’ concerns about job security, which is deterring them from entering the market. Consequently, inventory is accumulating; Redfin data reveals a current surplus of half a million more sellers than buyers, indicating that a strong spring housing season has failed to materialize.
Activity was highest in Monroe County (NY), Kent County (MI), Middlesex County (MA), Pierce County (WA), and Oakland County (MI). Conversely, Florida markets and Travis County (TX) showed the weakest performance.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
