Real estate brokerage Compass buys Seattle startup Modus in move that boosts competition with Zillow and Redfin

National real estate brokerage Compass has made another move that places it in even greater direct competition with Seattle-based digital brokerage giants Redfin and Zillow.

In an arms race of integration, the three firms have sought to consolidate the homebuying process within their companies, going well beyond digital home searches and brokerage services. Zillow and Redfin, for instance, both have mortgage-lending divisions and subsidiaries that offer digital closing services.

Compass announced Monday it will acquire Seattle-based Modus, a technology startup that aims to simplify the process of closing on a home, for an undisclosed amount this month. Modus offers digital title and escrow services.

“The end-to-end platform that we are creating is our mission,” said Compass Chief Technology Officer Joseph Sirosh. The difference between Compass and its competitors, he said, is that Compass is building technology to enable better service from its real estate agents.

“When most other companies talk

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Seattle, WA Condos – Condos for Sale in Seattle, WA

There are currently 855 condos for sale in Seattle at a median listing price of $525K. Some of these homes are “Hot Homes,” meaning they’re likely to sell quickly. Most homes for sale in Seattle stay on the market for 35 days and receive 2 offers. Popular neighborhoods include Queen Anne, Downtown Seattle, Northgate, Ravenna, North Seattle, Fremont, Capitol Hill, Phinney Ridge, Mount Baker, Ballard, Beacon Hill, Green Lake, Laurelhurst, West Seattle, and Wallingford. This map is refreshed with the newest listings in Seattle every 15 minutes.

In the past month, 1193 homes have been sold in Seattle. In addition to houses in Seattle, there were also 1161 condos, 644 townhouses, and 107 multi-family units for sale in Seattle last month. Seattle is a fairly walkable city in Washington with a Walk Score of 74.

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