PROVIDENCE, RI – Compass, the Nation’s #1 residential real estate brokerage for the second year in a row**, is pleased to announce strong performance rankings in Rhode Island for the first half of 2023. In Rhode Island, Compass wholly owns and operated 13 offices branded Compass, Lila Delman Compass and Randall Realtors Compass. Year to date, Compass ranks as the #1 real estate brokerage Statewide, having successfully closed over $421M in sales volume. In the luxury sector, Compass continues to lead the state for both $1M+ and $2.5M+ closed transactions.*
Marketwide, data indicates that Rhode Island sales volume (across all firms) is down ~25.4% (first half of 2023 vs. first half of 2022). Compass is outperforming the market by 17.4 points, reporting a minor 8% decline in volume. Comparitility, Compass’ top two local competitors show ~38% and ~31% declines in sales volume respectively, both indicating underperformance in today’s market.*
From the Coast to the Capital, Compass has demonstrated continued leadership in major markets. According to data maintained by the Rhode Island Statewide MLS, 5 of the top 25 producing agents in Rhode Island (year-to-date) are affiliated with Compass, which is more than any other brokerage.* This esteemed list includes the Kirk | Schryver Team (Compass, Barrington), Lori Joyal (Lila Delman Compass, Watch Hill), Kevin Fox (Compass, Providence), Kira Greene (Compass, Providence), and Rosemary Tobin (Lila Delman Compass, Block Island).
In Washington County, Lila Delman Compass ranks as the #1 brokerage, across all price-points and within the luxury sector. These top rankings hold true for the Brokerage in the Narragansett, Westerly, & Charlestown luxury markets. In Newport County, Lila Delman Compass ranks as Newport’s top brokerage, across all price-points and within the luxury sector.*
Compass’ recent expansion into the greater Providence and Barrington markets has contributed to major market shifts in both Providence and Bristol Counties. On the East Side of Providence, Compass ranks as the #2 brokerage and is home to 2 of the top 3 producing agents – Kevin Fox & Kira Greene. In Barrington, Compass ranks as the #2 brokerage and is home to Barrington’s #1 producer – the Kirk | Schryver Team.* In a matter of 6 months, Compass has successfully disrupted these two markets, which historically have been monopolized by one to two local brokerages.
Statewide, Compass has earned its top position through a combination of exceptional client service, unrivaled expertise of market-leading agents, and commitment to excellence. As the Brokerage continues to lead the industry, it remains devoted to its core values of integrity, professionalism, and client satisfaction. With access to cutting-edge technologies, cross-platform marketing programs, and an extensive national and international network, Compass is well-equipped to meet the ever-evolving needs of its valued clients.
*Rankings and data points based on information from the Rhode Island Statewide MLS for the period of 01/01/2020 – 6/27/23. Sales volume for Compass in Rhode Island includes transactions closed under Compass, Lila Delman Compass, and Randall Realtors Compass. Luxury market defined as $1M+ sales. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only.
**T. Velt, “RealTrends 500: The Rise of Compass,” RealTrends, Online, HW Media, 3/25/2022, https://www.realtrends.com/realtrends-500-the-rise-of-compass/.