What the Q4 2025 CNBC Housing Market Survey tells us about U.S. home prices

The CNBC Housing Market Survey asks U.S. real estate agents about local market conditions and consumer sentiment. In the final quarter of 2025, respondents saw prices remaining flat or falling in many parts of the country. Most homes sold stayed on the market for over three weeks – a signal for buyers who’ve delayed purchases as prices hover near record levels. As a result, a growing cohort of agents are reducing their asking prices for listings – or pulling them off the market entirely.