The U.S. Housing Market Hotness Index slipped to 90.14 for the week ending November 30, 2025, down from 91.20 the week before, underscoring a market that remains stubbornly stagnant. Sellers continue to pull listings rather than accept lower offers, while buyers remain sidelined by steep prices and limited affordability. With little relief expected from either mortgage rates or home values in the near term, many households find themselves stuck, waiting for conditions to break, even though life events will inevitably push some owners to sell.
Despite the broad slowdown, the national picture masks striking regional contrasts. Several markets in the Northeast and Midwest continue to stand out as pockets of strength. Monroe and Erie Counties in New York, along with Hartford County in Connecticut, once again ranked among the hottest markets of the week. On the flip side, parts of Florida and Texas continue to struggle. Miami-Dade, Broward, and Palm Beach Counties in Florida, along with Bexar and Travis Counties in Texas, remained among the coolest markets.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
