CNBC Housing Market Survey Q4 2025: Key Findings
Summary
The latest CNBC survey of real estate agents indicates the U.S. housing market is shifting toward greater balance at the end of 2025, though activity remains subdued. While still a challenging environment, there are signs of buyer adaptation and cautious optimism for 2026.
Key Points
- Market Balance Increases: 37.5% of agents described Q4 as a “balanced market,” up from 30% in Q3.
- Price Cessions Rise: 92% of agents had at least one seller cut their price, up from 89% in Q3. Nearly half said most of their sellers reduced prices.
- Buyer Behavior Shifts: Fewer buyers exited the market or delayed purchases in Q4 compared to Q3. Buyers compromised less on home size, features, and location.
- Persistent Price & Expectation Gaps: Home prices remain historically high. A significant mindset gap exists, with buyers referencing the 2008 crash and sellers recalling the 2021-2022 frenzy.
- Outlook for 2026: 67.8% of agents expect sales to improve in Q1 2026, and 77% believe the full year will be better than 2025, citing more inventory and growing consumer adaptation.
CNBC 2025年第四季度住房市场调查：主要发现
简报总结
CNBC最新房地产经纪人调查显示，2025年底美国住房市场正朝着更平衡的方向转变，尽管市场活动仍然低迷。环境虽具挑战，但已有迹象表明买家正在适应，并对2026年持谨慎乐观态度。
关键要点
- 市场平衡度提升：37.5%的经纪人将第四季度描述为”平衡市场”，高于第三季度的30%。
- 降价现象增多：92%的经纪人遇到至少一位卖家降价，高于第三季度的89%。近半数受访者表示其大部分卖家都降低了价格。
- 买家行为变化：与第三季度相比，第四季度退出市场或推迟购房的买家减少。买家在房屋面积、功能和地理位置上的妥协也减少了。
- 价格与预期差距持续：房价仍处于历史高位。买卖双方心态存在显著差距：买家参照2008年市场崩盘，而卖家则怀念2021-2022年的狂热市场。
- 2026年展望：67.8%的经纪人预计2026年第一季度销售将改善，77%认为全年表现将优于2025年，理由是库存增加和消费者逐渐适应现状。
Original Article Link: https://www.cnbc.com/2026/01/08/cnbc-housing-market-survey-agents-balance-out.html