RE/MAX Expands its Leadership Position in Fox Valley Home Sales

The RE/MAX Northern Illinois network increased its market share leadership in the Fox Valley home sales market during 2007 based on sales data available through the Multiple Listing Service of Northern Illinois. RE/MAX agents listed 39.3 percent of all homes sold in the Fox Valley, up from 37.6 percent during the prior year.

Home sales reported by the MLSNI totaled 2,043 in the Fox Valley during 2007, a decrease of 16.1 percent from the 2,436 homes sold during the prior year.

The Fox Valley market includes the communities of Batavia, Elburn, Geneva, North Aurora, St. Charles, Sugar Grove and Wayne.

The top five real estate organizations in the Fox Valley during 2007 in terms of sold listings, were RE/MAX with 802 (39.3 percent), Coldwell Banker with 306 (15 percent), Baird & Warner with 221 (10.8 percent), Keller Williams with 111 (5.4 percent) and Realty Executives with 63 (3.1 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.

RE/MAX also led the Fox Valley market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 28.6 percent of all listed homes sold in the Fox Valley market, topping Coldwell Banker (14.7 percent), Baird & Warner (11.5 percent), Keller Williams (4.5 percent) and Prudential (4.2 percent).

During 2007, RE/MAX ranked as Chicagoland’s market-share leader, listing 20.3 percent of all homes sold. That continues an 18-year period during which RE/MAX maintained the number one position in the Chicagoland market. RE/MAX also continues to lead the suburban Chicago area, closing 26.2 percent of listings sold in 2007, an increase over the previous year when RE/MAX had a market share of 26.1 percent.