The Compass–Anywhere Merger: Why Access to Homes and Buyer Leverage Is Quietly Changing

Compass has completed a $1.6 billion all-stock merger to acquire Anywhere Real Estate. The combined company is now the largest residential real estate brokerage platform in U.S. history by agent count, sales volume, and market reach.

This consolidation brings brands such as Coldwell Banker, Century 21, Sotheby’s, and Corcoran together, reshaping industry competition, agent networks, and the way homebuyers access listings and negotiate offers nationwide.

Following an early closing and regulatory approval, the combined company now operates as Compass International Holdings under CEO Robert Reffkin. The company is expanding its global presence, technology investments, and brokerage influence across all major U.S. markets.