The Housing Market Hotness Index continued its upward trend, reaching 91.63 for the week ending March 2, 2025, suggesting the housing market is emerging from its seasonal slowdown. Declining mortgage rates are providing support for both demand and supply, although economic uncertainty may still be holding back some potential buyers.
Santa Clara County (CA), Monroe County (NY), and Kent County (MI) led the nation in market activity this week. Meanwhile, Florida continues to experience some of the slowest housing markets in the country.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
