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.
Data indicates we are back to pre-pandemic market levels
70 or higher = strong sellers market
55 to 69 = sellers market
44 to 55 = neutral market
28 to 44 = buyers market
27 or below = strong buyers market
Source: ResiClub
65% of Transactions
On Pinellas Beaches
Are Cash Deals
Mortgage Rates
Continue to Trend Down
Mortgage rates decreased for the fourth consecutive week. The last few months have brought lower rates and homebuyers are increasingly entering the market.
