Compass’ Founder & CEO, Robert Reffkin, discusses the current real estate climate amidst COVID-19, on CNBC

RE statistics
As you may have experienced yourself, buyer searches for properties dropped 36% during the peak of COVID-19—from March 10th to 24th. However, our data is showing the number of buyer searches is steadily increasing, and we are now only 15% lower than where we were before the drop.
As the curve flattens for increases in COVID-19 cases, Compass is seeing a flattening of the declining curve in real estate transactions. In fact, in the 135 cities where we operate, last week Compass saw a ~20% week-over-week growth in new listings and listings in contract / pending after the market spent 2 weeks at bottom.
These numbers are a reflection of what is happening right now but these sentiments will likely evolve. It’s worth mentioning that it’s important in real estate to focus on the long term, rather than making reactive decisions when so much is yet to be seen.

I am here if you would like to chat or have questions about the current state of the market—or my thoughts on the future.

The Compass Advantage

Compass Concierge

A fresh, bright, decluttered and updated property sells for the highest market value, attracts the largest group of perspective buyers, and sells, on average, above asking price, in the shortest amount of time, and with multiple offers. Find out how Compass Concierge can help you get the most for your home.

Compass Bridge Loan Services

Compass Bridge Loan Services gets you access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your loan payments fronted when you sell your home with me.


Buyer's Agent

Sellers should never be the only party in a real estate transaction, to receive professional advice and guidance through what is likely one of the most important and costly expenses in our lives. Find out why it's so important to hire a qualified real estate professional to represent your interests, when buying a home.


Comparative Market Analysis (CMA)

Get an in-depth analysis from a certified Pricing Strategy Advisor (PSA), to determine the most accurate market value for your home in today's market. We use all available market data, along with specifics of your property and the immediate area (not accounted for in Public data), to generate a comprehensive valuation of your property, to aid in decisions of refinancing or to potentially sell your home.


Listing Agent

In today's fast paced world where we can order just about anything, to be delivered right to our doorstep, with just a few strokes of our fingers on our mobile devices, it's easy to believe we can easily do the same when selling our homes. In fact, even the TV and radio commercials advertising very low listing fees or offering to "buy your home with no fuss", can make it sound not only easy, but much cheaper and without the need for cleaning up and letting buyers come into your home. Unfortunately, as the saying goes...you always get exactly what you pay for. Sometimes it can cost you even more. Find out all the facts to understand why it's important to hire a real estate professional to list your home.

First-Time Buyers

Uninitiated buyers often struggle with anxiety and negative emotions in their first home buying transaction. Partnering with the wrong agent can turn what should be one of the happiest experiences of our lives into a virtual train wreck. Find out why it's extremely important for first-time buyers to select a real estate professional who has the time and understanding to properly prepare their clients for what is to come, through each and every stage of the process, so the experience is one to remember, and not a nightmare to avoid.

Home Renovations

While we may love our homes and all the little ducks flying around the wall paper border, or the kaleidoscope of colors we've selected to visually share our personalities, a prospective buyer isn't going to value that same vision, and might even be repelled by it, choosing not to even consider our homes. The best plan of action is to make your home appealing to the largest possible audience of willing buyers. Whether it's just a detailed cleaning, a return to the neutral color pallet, or bringing your home out of a past decade and into the present stylings, we can help guide you down the right path.

Lease with Option to Purchase

Sometimes we desire to move into a single-family home, but we don't yet qualify for a mortgage loan, or the loan we really need. Perhaps we need to pay down some debt to gain a better income-to-debt ratio. Maybe we need to more time to raise our credit score for a better rate. Maybe we've only been in our area of employment for too little amount of time to qualify. There are many new options available in today's market offering a "Lease with Option to Buy" strategy, where the company buys the house for you and you become a renting tenant, with the option to purchase it later, when a participant becomes eligible for the needed mortgage loan.

Let's Talk...

For more information about how we can help with your Real Estate needs, please schedule a call or a visit with us.