Zillow's Market Heat Index is a new economic model analyzing various housing market factors to assess competitiveness. With scores ranging from strong seller's markets (70+) to strong buyer's markets (27 or below), it provides a metric for understanding market dynamics. Nationally, Zillow rates the U.S. market at a score of 50, indicating a neutral stance. The hottest markets favor sellers, notably Rochester, New York, with a score of 146, whereas Beaumont, Texas, indicates a significant buyer's advantage with a low score of 9. Overall, Zillow's assessments align with trends observed in various regional markets.
Zillow's Market Heat Index scores housing markets across the U.S., indicating when sellers or buyers have more power based on factors like price changes and days on market.
According to Zillow, a score of 70 or above indicates a strong seller's market, while a score below 27 indicates a strong buyer's market.
Among the top hottest markets, Rochester, New York leads with a score of 146, indicating a prevalent seller's advantage.
The coldest markets, like Beaumont, Texas, score as low as 9, suggesting buyers have significant negotiation power there.
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