Buyer's or seller's housing market? Zillow's updated regional ratings for over 400 markets

"Zillow economists use an economic model they call the Zillow Market Heat Index to gauge the competitiveness of housing markets across the country. This model looks at key indicators-including home price changes, inventory levels, and days on market-to generate a score showing whether a market favors sellers or buyers. Higher scores point to hotter, seller-friendly metro housing markets. Lower scores signal cooler markets where buyers hold more negotiating power."

"Within the ResiClub Terminal-our data and analytics platform designed for housing sector executives, professionals, and investors- ResiClub PRO members can access this index output along with roughly 70+ other metrics. For today's issue, we've included a screenshot showing a metro-level view of the Zillow Market Heat Index for every September reading since 2019. (The ability to change dates is one of the features in the ResiClub Terminal that helps housing stakeholders better analyze the housing market.)"

Zillow's Market Heat Index measures metro housing market competitiveness using home price changes, inventory levels, and days on market to produce a score indicating seller- or buyer-favorability. Higher scores indicate seller-friendly markets; lower scores indicate buyer advantages, with thresholds defined from strong seller's market (70+) to strong buyer's market (27 or below). ResiClub PRO members can access the index and roughly 70 other metrics in the ResiClub Terminal, with date controls and metro-level views. The issue includes screenshots of the index for each September from 2019 through 2025. Regional shifts show buyers gaining power around the Gulf and sellers retaining strength in parts of the Northeast and Midwest.

Read at Fast Company