RE/MAX Expands Leadership Position In O’hare Area Of Chicago Real Estate Market

RE/MAX Chicago Realtors® increased its market share leadership in the O’Hare area of the Chicago real estate market during the first half of 2008 based on sales data available through Midwest Real Estate Data, LLC (MRED). RE/MAX agents listed 28.9 percent of all homes sold in the area, up from 26.2 percent during the first six months of 2007.

Home sales reported by MRED totaled 266 in the O’Hare area during the first half of 2008. That is 39.8 percent fewer sales than were reported for the same period last year.

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 the first half of 2008, in terms of listings sold, were RE/MAX with 77 (28.9 percent), Century 21 with 31 (11.7 percent), Coldwell Banker with 24 (9 percent), Sergio & Banks with 21 (7.9 percent) and Realty Executives with 9 (3.4 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

In the O’Hare market, no one helped more buyers purchase homes than RE/MAX. During the first half of 2008, RE/MAX agents represented buyers who purchased 18.4 percent of all listed homes sold, topping Century 21 (16.5 percent), Coldwell Banker (7.1 percent), ERA (3 percent) and Realty Exchange (2.3 percent). Across the metropolitan area during the six-month period, RE/MAX remained the leader among real estate companies, assisting 16.5 percent of all buyers.

During the first six months of this year, RE/MAX remained Chicagoland’s market-share leader, listing one of every five residences sold, or 19.8 percent of the total. 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.