Contributors

January shows slower than expected rebound in agent movement 

The latest data through January 2025 shows that while agent movement in January rose from December’s lows — following a typical seasonal pattern — the rebound is notably weaker than in most prior years. The seasonally adjusted data continues to drift lower, indicating that the underlying pace of brokerage switching remains subdued. Meanwhile, the count of active agents continues a modest decline but has not yet reached levels seen back  in 2018.