Wednesday, July 23, 2008

RE/MAX Retains Lead In Cook County Chicago Real Market

RE/MAX Chicago Realtors® remained the leader in the residential Chicago real estate market in Cook County during the first half of 2008. RE/MAX agents listed 14.2 percent of all homes sold in the county based on sales data available through Midwest Real Estate Data, LLC (MRED).

Home sales reported by MRED totaled 20,199 in Cook County during the first six months of 2008. That is 28.7 percent fewer sales than were reported for the same period last year. In suburban Cook County, RE/MAX held the market-share lead, listing 23.3 percent of all homes sold from January through June this year.

The top five real estate organizations in Cook County during the first half of 2008, in terms of listings sold, were RE/MAX with 2,860 (14.2 percent), Coldwell Banker with 2,757 (13.6 percent), Century 21 with 1,336 (6.6 percent), GMAC with 1,225 (6.1 percent) and @ Properties with 949 (4.7 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

In Cook County, no one helped more buyers purchase homes than RE/MAX. During the first half of 2008, RE/MAX agents represented buyers who purchased 11.4 percent of all listed homes sold, topping Coldwell Banker (10.9 percent), Century 21 (7 percent), @ Properties (5.2 percent) and Baird & Warner (4.6 percent).

During the first six months of this year, RE/MAX remained Chicagoland’s market-share leader, listing 19.8 percent of all residences sold. Since 1989, RE/MAX has ranked number one in the Chicago metropolitan home sales market based on listings sold.

MRED data for the first half of 2008 also reveals that RE/MAX listed 26.1 percent of all homes sold in the Chicago suburbs.