CNBC Housing Market Survey Shows Buyers and Sellers Exiting Market in Q1 2025

The CNBC Housing Market Survey, conducted quarterly, gathers input from a group of top real estate agents on local housing market conditions and buyer and seller sentiment. In the first quarter of 2025, the survey revealed that both buyers and sellers are exiting the market. This trend reflects broader challenges in the housing sector amid economic uncertainties.

Respondents noted that buyers' primary concerns centered on the economy and mortgage rates rather than home prices. Mortgage rates have remained elevated, influencing affordability for potential homebuyers. The survey, reported by CNBC's Diana Olick, provides insights into regional variations across the United States.

The survey involves real estate professionals from various markets, offering a snapshot of national housing dynamics.

It assesses factors such as inventory levels, transaction volumes, and participant confidence. For Q1 2025, the data highlights a slowdown in activity, with agents observing reduced participation from both sides of transactions. Economic conditions, including inflation and employment trends, contribute to the cautious sentiment among buyers.

Sellers, facing similar pressures, are holding off on listings due to potential price depreciation risks. This mutual withdrawal could lead to stagnant market conditions in the near term.

The housing market has been navigating high interest rates since 2022, which have deterred many from entering or exiting ownership.

Policymakers and industry analysts monitor such surveys to gauge the sector's health. Future quarters may see shifts if mortgage rates decline or economic indicators improve. Stakeholders affected include homebuyers seeking affordability, sellers aiming for optimal returns, and real estate agents experiencing lower volumes.