Zillow's Market Heat Index evaluates housing market competitiveness by assessing key metrics like home price, inventory, and market duration, generating scores to help identify whether a market favors sellers or buyers. A national score of 55 for April 2025 indicates a market in transition, while significant regional differences exist. The hottest markets, led by Rochester, NY, score high, providing seller advantage, whereas cold markets such as Jackson, TN indicate buyer leverage, reflecting shifting dynamics in major metropolitan areas across the United States.
According to Zillow, a score of 70 or above is a strong sellers market, while 44 to 55 indicates a neutral market, and scores below 28 suggest a strong buyers market.
Nationally, Zillow rates the U.S. housing market at 55 for its April 2025 reading, right on the border between a sellers market and a neutral market, varying significantly across the country.
Zillow's Zillow Market Heat Index effectively gauges housing market competitiveness through key indicators, revealing hot and cold markets by score and identifying buyer and seller power.
Among the 250 largest metro area housing markets, Rochester, NY tops the list with a heat index score of 169, indicating sellers have significant power.
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