CNBC survey finds more real estate agents reporting a balanced housing market
By
Diana Olick
Summary
The CNBC Housing Market Survey for Q2 2024 reveals a shift toward a more balanced housing market, with more real estate agents reporting equilibrium between buyers and sellers. While home sales in May were up 3% year-over-year, the number of agents reporting price cuts on active listings dropped dramatically compared to prior surveys. Agents note that leverage varies depending on the home, neighborhood, condition, and price point, suggesting a market that is normalizing rather than favoring one side.
Source
bskyCNBC survey finds more real estate agents reporting a balanced housing marketcnbc.comKey quotes
· 2 pulledIt certainly feels like, depending on the home, depending on the neighborhood, depending on the condition and the price point, that both the buyer and the seller do have a little bit of leverage.
Home sales in May were up slightly, 3% higher than the same month last year.
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