CNBC Housing Market Survey: 44% of real estate agents say home prices are on the decline

Housing Market Overview - CNBC's housing market survey for Q3 reveals insights from real estate agents across the country [1][2] - The survey indicates a shift towards a buyer's market, with 49% of agents reporting this condition [3] - A significant 44% of agents observed declining prices, while only 20% saw increasing prices [3] Seller Behavior - A substantial 89% of agents reported sellers cutting prices, indicating overoptimism despite market uncertainty [4] - 40% of agents had sellers delist their homes due to challenging market conditions [5] Market Expectations - 48% of agents anticipate market improvement in the coming quarter, while 35% expect it to remain the same [5] - Only 17% of agents foresee a decline in sales [5] Agent Sentiment - Real estate agents' admissions of a tough buyer's market are noteworthy, given their typical reluctance [6] - The high percentage of price cuts (89%) and delistings (40%) underscores the market's reality [6]