Why Compass says controlling listings is key to industry leadership

By late 2024, Reffkin was blunt about what he sees as Compass’s core asset: listing inventory.

“Listing inventory remains the lifeblood of the residential real estate marketplace,” he said, arguing that Compass already has “a depth of inventory in many of our local markets that is unmatched.”

That statement matters because it reveals the company’s North Star — not merely…