I must say, I am proud to be a part of Compass. Our CEO, Robert Reffkin, recently appeared on CNBC after a record-breaking Q2 Earnings Report to discuss the hot housing market and how Compass’ business is booming across the U.S. — from New York to North Carolina to Florida to California!
Read below to learn more about what’s driving the market and why we don’t believe the demand is going away any time soon, especially here in Austin.
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Record Number of Sales
In the second quarter of 2021, Compass agents completed more than 65,000 transactions, growing 140% year over year, compared to an industry transaction growth rate of 32%. All of this activity resulted in Compass’ total sales being a record $77 billion!
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Lots of Buyers Still Out There
Homes sold in Q2 received an average of ~5 offers, meaning there’re still 4 buyers out there for every home sold! (Source: NAR) Thinking of selling? Now's the time.
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Mid-Size Markets Booming
Markets like Austin, Tampa Bay/St. Petersburg, Charlotte, Boulder, Raleigh, and Nashville are all hotspots as the hybrid work environment continues.
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Strong Demand in Austin
Compass is not seeing any slow down in our hot Austin market. According to U.S. Census Bureau figures released May 4, Austin's multi-county metro population increased to an estimated 2,295,303 people as of last July. This was a 3% increase from the previous year, making it the fastest population growth among metros with at least 1 million residents.
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Interested in learning more about Austin? Check out my PROS and CONS (more pros than cons) video below!
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
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