Far more real estate agents now report seeing a balanced market, CNBC Housing Market Survey finds

A version of this article appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

After several years of a lean and pricey housing market, real estate agents are starting to see more balance.

In the second quarter of the year, 44% of real estate agents surveyed in CNBC’s Housing Market Survey said they were seeing a balanced market between buyer and seller. That share is up from 30% in the third quarter of last year, when CNBC began its quarterly survey.

“It 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,” said Jeremy Kane, a real estate agent with EXP Realty in Denver. LEARN MORE...