The RE/MAX Northern Illinois network increased its market-share leadership in the Greater South Suburbs 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 26.2 percent during the prior year.
Home sales reported by the MLSNI totaled 5,282 in the Greater South Suburbs during 2007, a decrease of 27.8 percent from the 7,320 homes sold during the prior year.
The Great South Suburbs market includes the communities of Beecher, Burnham, Calumet City, Calumet Park, Chicago Heights, Country Club Hills, Crete, Dolton, East Hazel Crest, Flossmoor, Glenwood, Grant Park, Harvey, Hazel Crest, Homewood, Lansing, Lynwood, Markham, Matteson, Midlothian, Oak Forest, Olympia Fields, Park Forest, Richton Park, Riverdale, Sauk Village, South Chicago Heights, South Holland, Steger, Thornton and University Park.
The top five real estate organizations in the Greater South Suburbs during 2007, in terms of sold listings, were RE/MAX with 1,398 (26.5 percent), Coldwell Banker with 591 (11.2 percent), Realty Executives with 405 (7.7 percent), Century 21 with 219 (4.1 percent) and Chicago Realty Partners, Ltd., with 188 (3.6 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.
RE/MAX also led the Greater South Suburbs market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 18.3 percent of all listed homes sold in the area, topping Coldwell Banker (9.8 percent), Century 21 (6.4 percent), Realty Executives (4.6 percent) and McColly Realtors (3 percent).
Wednesday, February 27, 2008
RE/MAX Expands Leadership Position in Greater South Suburbs Home Sales
