Private listings, properly understood, do not replace the MLS — they help it work better by improving the conditions under which price discovery begins.
Compass now holds 30 percent to 39.5 percent of unit sales across five major markets — a share at least four times larger than the next biggest brokerage.
Ryan Serhant says the firm has now earned the right to enter one of the most competitive real estate markets in the country. It is launching simultaneously in five California markets.
About 8 percent of homeshoppers on Zillow are also browsing rentals, according to a new analysis, as the monthly cost of owning continues to outpace renting in most U.S. markets.