44% of Agents See Balanced Housing Market as Price Cuts Drop to 57%
Updated
Updated · CNBC · Jul 7
44% of Agents See Balanced Housing Market as Price Cuts Drop to 57%
1 articles · Updated · CNBC · Jul 7
Summary
44% of agents in CNBC’s second-quarter survey said the housing market is now balanced between buyers and sellers, up from 30% in the third quarter of 2025.
57% reported at least one active listing with a price cut, down from 89% last year, as sellers align asking prices more closely with market conditions and contract cancellations ease to 40% from 51% in Q1.
3% year-over-year growth in May home sales and a 2.5% annual drop in June asking prices point to more supply and softer pricing, while national home prices were still up just under 1%.
37% of agents now cite mortgage rates as buyers’ biggest concern, up from 26% at the end of last year, with the 30-year fixed hovering around 6.6% after peaking at 6.75% in May.
19% of agents expect sales to improve soon, down from 48% last year, suggesting that even as inventory rises to 1.1 million listings, high borrowing costs are capping optimism.