New York Launches Compass Antitrust Examination
Why Compass Faces a New York Probe In the wake of Compass’s $1.6 billion acquisition of Anywhere Real Estate, New York Attorney General Letitia James’s antitrust division has opened an active inquiry into the company’s conduct in the state’s residential real estate market. The review centers on whether Compass’s expanded scale in New York could violate state antitrust law. Compass was already the largest U.S. residential brokerage by volume, and Anywhere was second-largest. Reporting indicates the combined company now has more than 200,000 agents and could hold over 30% market share in New York. In Manhattan, Compass and Anywhere reportedly accounted for more than 80% of real estate deals in 2024. Investigators are examining possible effects on brokerage competition, listing access, bargaining power, regulatory transparency, and consumer choice. The Attorney General’s office confirmed an active inquiry, while withholding detailed allegations as investigators contact major New York Cit...