Espa-¦ola, NM (Metro) - Trend of Market Heat Index for All Homes (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the Market Heat Index for All Homes in the Espa-¦ola, NM Metro in February 2026 was 46. The month over month percentage change (MoM) was -2.13%, and the year over year percentage change (YoY) was 0.00%.

The chart below shows the trend of the market heat index for the Espa-¦ola, NM metro. The table below shows the trend of the market heat index, and the MoM and YoY percentage changes for the Espa-¦ola, NM metro.

You can see similar information for other US metros, and for the United States.

Note: The Market Heat Index is a time series that captures the balance of for-sale supply and demand in a given market. A higher number means the market is more tilted in favor of sellers. It relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics. It is calculated for single-family and condo homes.

Data Source: Zillow.
Espa-¦ola, NM (Metro) - Trend of Market Heat Index for All Homes
Espa-¦ola, NM (Metro) - Trend of Market Heat Index for All Homes
1 – 10 of 98
Month Market Heat Index MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2018 33 NaN NaN
Feb 2018 39 18.18 NaN
Mar 2018 41 5.13 NaN
Apr 2018 41 0.00 NaN
May 2018 41 0.00 NaN
Jun 2018 42 2.44 NaN
Jul 2018 40 -4.76 NaN
Aug 2018 40 0.00 NaN
Sep 2018 42 5.00 NaN
Oct 2018 41 -2.38 NaN
Nov 2018 41 0.00 NaN
Dec 2018 38 -7.32 NaN
Jan 2019 37 -2.63 12.12
Feb 2019 38 2.70 -2.56
Mar 2019 41 7.90 0.00
Apr 2019 42 2.44 2.44
May 2019 45 7.14 9.76
Jun 2019 46 2.22 9.52
Jul 2019 42 -8.70 5.00
Aug 2019 39 -7.14 -2.50
Sep 2019 41 5.13 -2.38
Oct 2019 42 2.44 2.44
Nov 2019 40 -4.76 -2.44
Dec 2019 39 -2.50 2.63
Jan 2020 42 7.69 13.51
Feb 2020 44 4.76 15.79
Mar 2020 47 6.82 14.63
Apr 2020 49 4.26 16.67
May 2020 47 -4.08 4.44
Jun 2020 47 0.00 2.17
Jul 2020 48 2.13 14.29
Aug 2020 51 6.25 30.77
Sep 2020 53 3.92 29.27
Oct 2020 56 5.66 33.33
Nov 2020 54 -3.57 35.00
Dec 2020 54 0.00 38.46
Jan 2021 54 0.00 28.57
Feb 2021 56 3.70 27.27
Mar 2021 58 3.57 23.40
Apr 2021 59 1.72 20.41
May 2021 55 -6.78 17.02
Jun 2021 53 -3.64 12.77
Jul 2021 56 5.66 16.67
Aug 2021 58 3.57 13.73
Sep 2021 56 -3.45 5.66
Oct 2021 55 -1.79 -1.79
Nov 2021 50 -9.09 -7.41
Dec 2021 56 12.00 3.70
Jan 2022 62 10.71 14.82
Feb 2022 66 6.45 17.86
Mar 2022 62 -6.06 6.90
Apr 2022 62 0.00 5.09
May 2022 59 -4.84 7.27
Jun 2022 54 -8.47 1.89
Jul 2022 52 -3.70 -7.14
Aug 2022 54 3.85 -6.90
Sep 2022 53 -1.85 -5.36
Oct 2022 50 -5.66 -9.09
Nov 2022 45 -10.00 -10.00
Dec 2022 44 -2.22 -21.43
Jan 2023 44 0.00 -29.03
Feb 2023 49 11.36 -25.76
Mar 2023 56 14.29 -9.68
Apr 2023 59 5.36 -4.84
May 2023 57 -3.39 -3.39
Jun 2023 56 -1.75 3.70
Jul 2023 59 5.36 13.46
Aug 2023 60 1.70 11.11
Sep 2023 57 -5.00 7.55
Oct 2023 57 0.00 14.00
Nov 2023 56 -1.75 24.44
Dec 2023 57 1.79 29.55
Jan 2024 52 -8.77 18.18
Feb 2024 54 3.85 10.20
Mar 2024 56 3.70 0.00
Apr 2024 55 -1.79 -6.78
May 2024 51 -7.27 -10.53
Jun 2024 47 -7.84 -16.07
Jul 2024 49 4.26 -16.95
Aug 2024 51 4.08 -15.00
Sep 2024 51 0.00 -10.53
Oct 2024 48 -5.88 -15.79
Nov 2024 48 0.00 -14.29
Dec 2024 49 2.08 -14.03
Jan 2025 45 -8.16 -13.46
Feb 2025 46 2.22 -14.81
Mar 2025 52 13.04 -7.14
Apr 2025 51 -1.92 -7.27
May 2025 45 -11.76 -11.76
Jun 2025 43 -4.44 -8.51
Jul 2025 47 9.30 -4.08
Aug 2025 49 4.26 -3.92
Sep 2025 50 2.04 -1.96
Oct 2025 47 -6.00 -2.08
Nov 2025 46 -2.13 -4.17
Dec 2025 47 2.17 -4.08
Jan 2026 47 0.00 4.44
Feb 2026 46 -2.13 0.00