Property status can only be managed by the Site Administrator.
To add a new status, go to:
WP Admin → Listings → Property Status.
To assign a status to a property, go to:
WP Admin → Listings → Add/Edit Listing, and select the desired status.
The selected status will appear on the property page slider (applies to all property page types and sliders).
The status background color automatically syncs with the Main Color set in Theme Options – Design – Custom Colors