The U.S. Housing Market Hotness Index edged up to 91.20 for the week ending November 23, 2025, a slight improvement over the previous week’s reading of 91.04. Despite that small uptick, the broader market remains largely stalled. Buyers continue to hesitate amid concerns about job stability and stretched affordability, while many sellers are pulling listings when offers fall short of their expectations, further limiting available inventory.
Beneath the national average, however, lies a clear divide. Several markets in the Northeast and Midwest continue to outperform, with counties like Monroe and Erie in New York, Hartford County in Connecticut, and Kent County in Michigan ranking among the most active this week. Meanwhile, conditions look very different in parts of Florida and Texas, which sit firmly among the coolest markets nationwide. These regions are confronting a combination of elevated insurance premiums, rising for-sale supply, and weakening buyer interest, a trifecta that has meaningfully slowed down sales.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
