The Housing Market Hotness Index continued its downward trend, declining to 87.62 for the week ending February 9, 2025. Buyers remain hesitant, facing a challenging market characterized by high mortgage rates and elevated home prices. Furthermore, sellers are increasingly opting to delist their properties rather than accept lower offers. Economic uncertainty, including concerns regarding potential tariffs and the overall economic outlook, is also contributing to buyer hesitancy.
Santa Clara County in California emerged as the hottest housing market this week. Conversely, the least active markets were observed in several Florida counties.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
