Compass + Anywhere: The $10 Billion Merger Reshaping Real Estate

Compass to Acquire Anywhere RE | What This Means for the Real Estate Industry

On September 22, 2025, Compass announced a landmark acquisition: an all-stock agreement to acquire Anywhere Real Estate. The deal will create the world’s largest residential real estate brokerage, valued at approximately $10 billion and encompassing nearly 340,000 real estate professionals across 120 countries and territories.

A Mega-Brokerage Is Born

Anywhere’s portfolio includes Coldwell Banker, Century 21, Sotheby’s International Realty, Corcoran Group, Better Homes and Gardens Real Estate, and ERA. Combined with Compass’s fast-growing network, the result is an unmatched force in the residential brokerage space. Together, the firms will represent the largest agent network globally, with the potential to shape the market for years to come.

Focus on Luxury Real Estate

The acquisition signals a clear doubling down on the luxury segment. Anywhere’s CEO Ryan Schneider has repeatedly highlighted the strength of luxury-focused brands like Corcoran and Sotheby’s, while Compass CEO Robert Reffkin emphasized empowering agents with technology and resources to grow their businesses. For high-end buyers, sellers, and investors, the merged entity may deliver unparalleled reach, visibility, and expertise.

The Question of Private Exclusives

One of the most closely watched outcomes will be how the new Compass Anywhere entity approaches private listings. Compass has heavily invested in private and exclusive listing strategies, while Anywhere’s leadership has historically resisted that trend. Whether the combined firm leans into exclusives could significantly influence inventory access and market transparency in the years ahead.

What It Means Going Forward

This merger is more than a headline. It represents a shift in the balance of power within residential real estate. From luxury marketing dominance to debates over private listings, Compass and Anywhere will shape industry conversations well beyond 2025. For agents, buyers, and sellers alike, the landscape is about to look very different.