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Compass’ plans to acquire Anywhere Real Estate are part of the brokerage’s path to dominate the industry, and the seismic deal would push the new combined firm ahead of the residential firm pack.
New York City-based Compass is already the largest residential brokerage in the United States. Last year, the company undertook just over $231 billion in sales, according to data from RealTrends.
Anywhere, the parent company of Corcoran, Sotheby’s International Realty, Coldwell Banker and Century 21, follows with the second-highest amount of deal volume in 2024, with about $184 billion worth of transactions.
Compass’ and Anywhere’s total deal volume for 2024 combined is almost $414 billion. The deal volume for third-place finisher, eXp Realty, is nearly $153 billion — just over a third of the combined total for Compass and Anywhere.
However, in terms of “sides” — defined by RealTrends as representing either the buyer or seller side in a transaction — Bellingham, Washington-based eXp was No. 1, with 350,119 sides in 2024.
Anywhere ranked second, with 246,728 sides, and bested third-place Compass, which had 228,785 sides last year.
Over the past five years, Compass’ deal volume grew by a little over $79 billion, the second-highest growth among the country’s brokerages, according to RealTrends’ data. First place in this category went, again, to eXp, whose volume climbed by over $80 billion over the past five years.
Anywhere did not place among the top 50 firms who saw their deal volumes grow the most over the prior five years.
The deal between Compass and Anywhere will value Anywhere at $1.6 billion, with Compass shareholders set to own 78 percent of the new firm. Reffkin will lead the merged company.
Compass has been on an acquisition streak of late. Last year, Compass acquired @properties and Christie’s International Real Estate in a deal valued at $444 million.