COMPASS CEO: Seeing a rebound in Residential Real Estate

During these ever-changing times, it’s my goal to keep you informed and up to date on the latest trends we’re seeing in the housing market. O

ur CEO Robert Reffkin, told CNBC that while this is unprecedented, there are clear signs that the market is rebounding, and will continue to rebound. 

Robert shared that across our 135 markets, we saw real estate activity bottoming out 2-3 weeks ago. We have seen the number of in-contract homes bounce back to pre-COVID levels in over 90% of those markets. We are hopeful this rebound will soon be replicated in areas where stay-at-home orders have not yet been lifted. 

In the midst of uncertainty, I am proud that we’re able to successfully help our clients buy and sell homes with our suite of Virtual Agent Services. If you are in need of real estate services, or know someone who is, please don’t hesitate to reach out.