Funding, however, is on track to reach record levels.
2016 included no IPOs, whereas in 2015, three real estate tech companies went public.
Four real estate tech companies became unicorns last year.
Smart Money VCs including Lightspeed Venture Partners, Redpoint Ventures, Andreessen Horowitz, and others have placed bets in the mortgage tech space.
Seed and Series A construction tech deals accounted for three-quarters of deals in 2016 YTD.
In total, Q3'16 saw 53 deals, notching the 7th straight quarter with 50+ deals to real estate tech startups.
Despite experiencing record funding levels, its worth noting that Q2'16 real estate tech had the lowest deal count since Q4'14.