Compass claims top US brokerage spot for 2021 sales
Brokerage No. 1 in closed sales volume: Real Trends
After just missing the top spot in a 2021 brokerage ranking, Compass has come out as the largest in the United States in terms of closed sales volume.
Real Trends cited rapid growth in terms of agent count and rising home prices for the brokerage’s debut in the No. 1 spot based on 2021 earnings reports.
“In less than 10 years, we went from nothing — not existing — to #1,” CEO Robert Reffkin wrote in a company-wide email celebrating the ranking.
“You can now tell every past, present, and prospective client that you are part of the largest brokerage in the country. You can have confidence that your referral network is officially the best in the United States,” Reffkin wrote. “And you can take pride in the fact that your success is a vital part of something much, much bigger.”
Compass has 26,000 agents in 69 markets, according to its fourth quarter earnings. In 2021, the company added nearly 7,000 agents and launched 25 new markets.
Overall, Compass agents closed 225,272 total transactions in fiscal year 2021, up 56 percent from 2020. The gross transaction value reached $254.2 billion, an increase of 68 percent from the year prior.
The company was aided by rising home prices and increased migration, which defined 2021.
By Sasha Jones