For the second year in a row, Buffalo, New York, has secured the top spot on Zillow's list of the hottest housing markets, earning the distinction of being the first market to secure the No. 1 ranking in back-to-back years.

Buffalo, New York is set to be the hottest housing market of 2025, retaining its title from 2024, thanks to strong job growth and limited housing supply, according to a new report. As new jobs fuel competition for homes, the demand continues to outstrip availability, driving up prices in cities throughout much of the country.

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A new Zillow report puts the Bay Area in unfamiliar ground when it comes to the housing market. The region, known for its sky-high housing prices and demand, ranks at the bottom of a list predicting the hottest and most competitive markets in 2025.

Buffalo is home to the hottest major housing market in 2025, according to a newly released report by Zillow, and it's the first time a market has held the title in back-to-back years.

With a strong job market and home prices 37% below the national average, Buffalo continues to lead as the hottest market in the U.S.