L.A. may be known as the land of actors, models and real estate agents, but according to AgentStory, La La Land is loosing active agents by the hundreds.
Amid the market slowdown, AgentStory found that active agents in the Los Angeles market last quarter was down by 27 year-over-year. The Real Deal reports that there were less than 3,500 active agents in Los Angeles in the fourth quarter of 2022, down from 4,800 active agents in the same period in 2021.
The number of active L.A. agents in Q3 was 4,203.
AgentStory’s tracking only accounts for agents who have closed deals. Transactions under contract, but not completed, weren’t counted either.