The quarterly results for COMPASS announced July 30th were spectacular, mostly because they defied all odds. While I hate comparisons, it's important to acknowledge how much Compass is out-performing the rest of the markets and our competitors. We're living in a sea of bad news around real estate. Rising inventories (good and bad), elevated mortgage rates, affordability issues, some areas with notable pricing discounts, historically low sales volume, lawsuits, industry divisions, etc and yet in this sea of bad news and big challenges, Compass delivered the exact opposite.\

Below are some of the highlights from our results:

• Compass closed 73,025 transactions in Q2, an increase of 20.9% year-over-year, while transactions for the overall market decreased by 0.9% – outpacing the market by 22%.
• Compass closed $78.3 billion in sales volume, an increase of 20.3% year-over-year, while the overall market increased just 1.4%.
• Compass grew quarterly market share to 6.09% – our highest market share in company history, up 0.96% year-over-year.
• In what remains an uncertain macroeconomic environment, Compass achieved record Q2 free cash flow of $68 million and record Adjusted EBITDA of $125.9 million.

It takes a Village and the Compass Village is strong, stronger than at any other time in history. And remember it's a short history:  Compass as a brand emerged just a little over a decade ago, which makes what we are doing historic - globally - on every single level. In a little over a decade while we've collectively sold well over $1 Trillion worth of real estate, we have positively impacted hundreds of thousands of people's lives.

Compass did over 73,000 transactions in the second quarter, that is over 800 per day, 7 days a week and most of it was as a result of the collaborative culture embedded in our DNA that makes what the cleaning staff do as important as the C-Suite's efforts. This is an historic moment but the best is yet to come. While these are tough times in real estate, what follows is a mystery, but knowing that every time in the past we promised that things would only get better, we've never once failed to deliver.