M
arket Insights

    As November arrives, the Bay Area Real Estate Market is gearing up for the winter season. Historically, this time of year marks a slowdown in inventory, with properties that haven't gone pending likely to come off the market until spring. While no one has a crystal ball, the current quarter has been surprisingly brisk, and we're hopeful next year will bring similar results.

    Consumer confidence plays a significant role in our experience. If buyers are worried about their properties losing value rather than gaining it, they're unlikely to invest. The health of next year's market remains uncertain until it arrives. Additionally, new rules around commissions and buyer representation agreements have shifted the landscape for agents, sellers, and buyers alike.

    Pricing correctly is more critical than ever, as interest rates have increased, insurance costs have tripled or quadrupled in some areas, and fewer offers are being submitted. Your property's worth is determined by what a willing and qualified buyer will pay – not a penny more.

    On the bright side, COMPASS agents outperformed other brokerages, with impressive numbers to show for it: 18% growth over the market, 55,872 transactions closed in Q3 2024, and a national quarterly market share of 4.80%. We're proud to say we've been free cash-flow positive for three consecutive quarters.

    Looking ahead, COMPASS will introduce a new Client Dashboard in 2025, giving buyers and sellers more agency and insight into their journey. If you're serious about buying or selling, align with a company that's beating the odds – like us. We're not just realtors; we're consultants who take care of your home as if it were our own.

    How can we help you?

    Julie Gardner & Sarah Abel | Compass Realty