The RE/MAX Northern Illinois network increased its market share leadership in the O’Hare area home sales market during 2007 based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI). RE/MAX agents listed 26.5 percent of all homes sold in the area, up from 25.7 percent during the prior year.
Home sales reported by the MLSNI totaled 789 in the O’Hare area during 2007, a decrease of 37.2 percent from the 1,256 homes sold during 2006.
The O’Hare market area includes the communities of Elmwood Park, Franklin Park, Harwood Heights, Leyden Township, Norridge, Northlake, River Grove, Rosemont and Schiller Park.
The top five real estate organizations in the O’Hare market during 2007, in terms of sold listings, were RE/MAX with 209 (26.5 percent), Century 21 with 126 (16 percent), Coldwell Banker with 55 (7 percent), Realty World with 36 (4.6 percent) and Sergio & Banks with 31 (3.9 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.
RE/MAX also led the O’Hare market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 20.2 percent of all listed homes sold in the O’Hare market, topping Century 21 (17.1 percent), Coldwell Banker (5.8 percent), Prudential (2.8 percent) and Realty Exchange (2.3 percent).
Wednesday, February 27, 2008
RE/MAX Expands Leadership Position in O’Hare Area Home Sales Market
