"In all five analyzed cities, Compass increased its market share to at least 30 percent with its newly acquired brands, according to the study."
"In Washington, D.C., its market share is estimated to have almost doubled, jumping from 22 percent to almost 40 percent."
"The concern is that the Compass share is not only very large but also much larger than that of major competitors, said Brobeck."
"Compass is becoming so dominant in some local markets that consumers will feel both pressure and attraction to list and purchase properties through Compass agents."
Compass has aggressively expanded its market share by acquiring @properties and Christie's International Real Estate for $450 million, followed by a $1.6 billion deal for Anywhere Real Estate. A study indicates that Compass now holds at least 30 percent market share in five major cities, with Washington, D.C. seeing its share nearly double. In Boston, Compass dominates with over 32 percent, far surpassing competitors like Keller Williams. Concerns arise regarding Compass's influence on consumer choices in real estate transactions.
Read at therealdeal.com
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