The Market Hotness Index has fallen below 100.00 for the first time since mid-March. This marks a steady decline since June and aligns with a typical seasonal pattern in the U.S. housing market. Concerns about interest rates, unemployment, and the upcoming election are additional factors causing both buyers and sellers to hesitate. Monroe County, New York, continues to be the most competitive housing market.
*Index values are subject to revision as deemed necessary, contingent upon the receipt of new or updated data.
