Zillow Heat Index: Northeast Sellers Dominate, South Favors Buyers in 2024

Zillow's Market Heat Index rates over 250 U.S. metros on a 0-100 scale, with a national average of 55 indicating neutrality amid high mortgage rates. Seller advantages dominate Northeast areas like Rochester, while Southern markets like Jackson, TN, favor buyers due to oversupply. Forecasts predict modest 0.4% home price growth through 2026.