Zillow update rates 250 housing markets as buyer's or seller's markets
Zillow's Market Heat Index registers the U.S. housing market at 52 in August 2025 while showing wide regional variation with some metros strongly favoring sellers or buyers.
Housing market shift: Zillow's updated ratings show the power balance in 250-plus metros
Zillow's Market Heat Index places the U.S. housing market at 48 in October 2025, with large metro-by-metro variation and many seller-advantaged markets.
