Compass is continuing a series of acquisitions with another homegrown firm, this time in the nation’s capital.

The company announced a deal for Washington, D.C.-based brokerage Washington Fine Properties. The 150-agent luxury brand was the fourth-ranked brokerage in the D.C. area in 2023, according to RealTrends. It did $2.2 billion in sales volume and had an average sale price of $1.6 million.

Washington Fine Properties will continue to maintain its branding and operate under its current management team under the deal, terms for which were not disclosed.

The acquisition continues Compass’ push to build market share in its highest-priority markets, in which the company has a stated goal of hitting 30 percent market share by 2030.

Last year, the firm struck a $444 million dollar deal for @properties, the top brokerage in Chicago, and Christie’s International Real Estate. It also added top firms in Tennessee and the Gulf Coast region.

The move for Washington Fine Properties solidifies Compass’ place atop the D.C. market while building out its ultra-luxury offerings in the metropolitan region, including neighboring suburbs in Maryland and Virginia. Compass declined to share specific market share stats, but it claimed to have over 21 percent in the nation’s capital in a 2019 market report.

The firm made its foray into the nation’s capital in 2014 when it was still called Urban Compass, with a deal to acquire Lindsay Reishman Real Estate , a 25-agent firm.  Four years later, Compass was up to 500 agents and $3 billion in volume in the region after acquiring 50-agent firm Wydler Brothers Real Estate .

The region’s housing market has tracked the broader national swoon for the past several years. There were over 13,000 closed sales this past January, according to a report from Bright MLS, up 8.5 percent from last January. But pending home sales were down over 5 percent year-over-year.

The market is the subject of disruption concerns as President Donald Trump’s second administration enacted layoffs affecting thousands of federal workers. Redfin said in a recent report that agents in Washington, D.C., and other markets with high concentrations of federal workers noticed increased uncertainty as supply rose nationwide.

“Return-to-office mandates for federal workers, and uncertainty about whether certain government employees will keep their job, are motivating some people to buy new homes, but discouraging others from buying or selling,” the brokerage said in the report.

But the suggested concerns over a sudden bust in the area’s future, partially stoked by a social media post with a fake graphic showing a crush of homes hitting the market, haven’t yet materialized in meaningful changes in inventory or pricing.