"In four of the five cities, Compass's share of unit sales is at least four times larger than that of its main competitors and 2.5 times larger in the fifth market."
"The report links Compass's growth to its emphasis on private listings and elevated levels of double-ending, where one brokerage represents both sides of a transaction."
"In Washington, D.C., the double-ending rate for Compass prior to its acquisition of Anywhere exceeded 40%, according to CPC."
"The company has previously stated that the majority of its private exclusive listings that sell off-MLS are co-brokered with a non-Compass agent."
Compass holds a dominant market share in several cities, with unit sales at least four times larger than competitors in four markets and 2.5 times larger in one. The company has a 32.4% share in Boston, 39.5% in Washington, D.C., 35.0% in Chicago, and 29.7% in both San Diego and Austin. Its growth is linked to private listings and high double-ending rates, where one brokerage represents both sides of a transaction. A Compass spokesperson noted that the statistics may not fully represent the company's business scope.
Read at www.housingwire.com
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