Underwater homes, reduced construction starts spell change for California’s active agent population; Monthly Statistical Update (March 2023)

The Monthly Statistical Update (MSU) keeps agents and brokers current on the market trends affecting California real estate transactions.

This month, we’re covering:

• the share of California’s mortgaged homes underwater, now inching higher alongside plummeting home prices;
• California’s mixed performance in residential construction, with multi-family starts increasing slightly and SFR starts falling back in 2022; and
• the rising number of active agents in California — contrasted with the long-term decline in active brokers.

Download the Monthly Statistical Update