RE/MAX Sustains Its Leadership Of Chicago-Area Residential Sales In 2007

The RE/MAX Northern Illinois network was responsible for the sale of more homes in the Chicago metropolitan area than any other real estate organization in 2007. That continues an 18-year period during which RE/MAX maintained the number one position in the Chicagoland market.

RE/MAX agents listed 20.3 percent of all listed homes sold during 2007. In the Chicago suburbs, RE/MAX had a 26.2 percent market share.

At the same time, RE/MAX agents represented buyers in 16.4 percent of transactions, including 21.1 percent in the Chicago suburbs.

Data on listings sold and who was involved in selling them comes from the Multiple Listing Service of Northern Illinois (MLSNI), which reported that 91,766 residential listings were sold during 2007 in the seven-county Chicago metropolitan area. That is 21.3 percent fewer than the 116,534 homes sold in 2006.

RE/MAX agents listed 18,599 (20.3 percent) of the properties sold. Trailing RE/MAX in market share were Coldwell Banker with 13,311 sales (14.5 percent), Century 21 with 6,835 sales (7.4 percent), Baird & Warner with 4,650 sales (5.1 percent), GMAC with 3,803 sales (4.1 percent), Prudential with 2,660 sales (2.9 percent), @Properties with 2,522 sales (2.7 percent), Realty Executives with 2,065 sales (2.3 percent) and Keller Williams with 2,037 sales (2.2 percent). Data maintained by the MLSNI may not reflect all real estate activity in the market.

As for agents working on behalf of buyers, RE/MAX agents also led the way with a 16.4 percent market share. Other companies in the top five were Coldwell Banker with 12.5 percent, Century 21 with 8 percent, Baird & Warner with 5.3 percent and GMAC with 3.5 percent.

RE/MAX was the market share leader for listings sold in six of the seven counties covered by the MLSNI data (Cook, DuPage, Kane, Kendall, Lake, McHenry and Will), as well as in all seven counties when looking at those representing buyers. RE/MAX also was the market share leader in more than 200 towns and communities across Chicagoland.

• Cook County - Of the 53,899 listed homes sold in Cook County, RE/MAX led with 14.8 percent and was number one in buyer representation with 11.7 percent.

• DuPage County - Of the 10,553 listed homes sold in DuPage County, RE/MAX led with 27 percent and was number one in buyer representation with 21.7 percent.

• Elgin Area - Of the 3,423 listed homes sold in the Elgin market area, RE/MAX led with 30 percent and was number one in buyer representation with 25.6 percent. The Elgin market includes the communities of Burlington, Carpentersville, East Dundee, Elgin, Genoa, Gilberts, Hampshire, Hanover Park, Lake Marion, Pingree Grove, Plato, Sleepy Hollow, South Elgin, Streamwood and West Dundee.

• Fox Valley - Of the 2,043 listed homes sold in the Fox Valley market, RE/MAX led with 39.3 percent and was number one in buyer representation with 28.7 percent. The Fox Valley market includes the communities of Batavia, Elburn, Geneva, North Aurora, St. Charles, Sugar Grove and Wayne.

• Greater South Suburbs - Of the 5,282 listed homes sold in the Greater South Suburban market, RE/MAX led with 26.5 percent and was the leader in buyer representation with 18.3 percent. The Greater South Suburban 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.

• Kane County - Of the 5,649 listed homes sold in Kane County, RE/MAX led with 32.2 percent and was number one in buyer representation with 25.3 percent.

• Kendall County – Of the 1,742 listed homes sold in Kendall County, RE/MAX was number one in buyer representation with 22.6 percent.

• LaGrange - Of the 686 listed homes sold in the LaGrange market area, RE/MAX led with 22.6 percent, and it was first in buyer representation with 19.8 percent. The LaGrange market includes the communities of Countryside, Hodgkins, Indian Head Park, LaGrange, LaGrange Highlands, LaGrange Park, McCook, Western Springs and Willow Springs.

• Lake County - Of the 8,100 listed homes sold in Lake County, RE/MAX led with 29.3 percent and was number one in buyer representation with 24.4 percent.

• Lincoln Way – Of the 1,010 listed homes sold in the Lincoln Way market area, RE/MAX led with 34.2 percent and was No. 1 in buyer representation with 29.5 percent. The Lincoln Way market includes the communities of Frankfort, Green Garden, Manhattan, Mokena, New Lenox and Wilton Center.

• McHenry County - Of the 3,781 listed homes sold in McHenry County, RE/MAX led with 26.3 percent and was No. 1 in buyer representation with 24.2 percent.

• Northwest Suburbs - Of the 9,066 listed homes sold in the Northwest Suburban market area, RE/MAX led with 27.2 percent and was also the leader in buyer representation at 21.2 percent. The Northwest Suburban market includes the communities of Arlington Heights, Barrington, Buffalo Grove, Des Plaines, Elk Grove Village, Hanover Park, Hoffman Estates, Inverness, Keeneyville, Mt. Prospect, Niles, Palatine, Park Ridge, Prospect Heights, Rolling Meadows, Roselle, Schaumburg, Streamwood and Wheeling.

• O’Hare Suburbs – Of the 789 listed homes sold in the O’Hare Suburbs market area, RE/MAX led with 26.5 percent, while also leading in buyer representation with 20.2 percent. The O’Hare Suburbs market includes the communities of Elmwood Park, Franklin Park, Harwood Heights, Leyden Township, Norridge, Northlake, River Grove, Rosemont and Schiller Park.

• Southwest Suburbs - Of the 4,418 listed homes sold in the Southwest Suburban market, RE/MAX led with 30.1 percent and was the buyer representation leader with 23.3 percent. The Southwest Suburban market includes the communities of Alsip, Blue Island, Bridgeview, Burbank, Chicago Ridge, Crestwood, Evergreen Park, Hickory Hills, Hometown, Justice, Lemont, Merrionette Park, Midlothian, Oak Forest, Oak Lawn, Orland Hills, Orland Park, Palos Heights, Palos Hills, Palos Park, Posen, Robbins, Tinley Park and Worth.

• West Towns - Of the 2,666 listed homes sold in the West Towns market area, RE/MAX led with 23.5 percent and was No. 1 in buyer representation at 16.3 percent. The West Towns market includes Berwyn, Broadview, Brookfield, Cicero, Forest Park, Forest View, Lyons, North Riverside, Oak Park, River Forest, Riverside, Stickney and Westchester.

• Will County - Of the 8,042 listed homes that were sold in Will County, RE/MAX led with 27.2 percent, and it was number one in buyer representation with 21.7 percent.

RE/MAX Expands Leadership Position in O’Hare Area Home Sales Market

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).

RE/MAX Retains Top Spot in La Grange Area Home Sales

The RE/MAX Northern Illinois network remained the market share leader in the LaGrange area during 2007. RE/MAX agents listed 22.6 percent of all homes sold in the area based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI).

Home sales reported by the MLSNI totaled 686 in the LaGrange area during 2007, a decrease of 10.2 percent over the 764 homes sold during the prior year.

The LaGrange market includes the communities of Countryside, Hodgkins, Indian Head Park, LaGrange, LaGrange Highlands, LaGrange Park, McCook, Western Springs and Willow Springs.

The top five real estate organizations in the LaGrange market during 2007, in terms of sold listings, were RE/MAX with 155 (22.6 percent), Coldwell Banker with 120 (17.5 percent), Smothers Realty Group with 101 (14.7 percent), Prudential with 49 (7.1 percent) and Realty Executives with 37 (5.4 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.

RE/MAX also led the LaGrange market area in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 19.8 percent of all listed homes sold in the area, topping Coldwell Banker (14 percent), Smothers Realty Group (12.4 percent), Prudential (6.7 percent) and Realty Executives (4.4 percent).

RE/MAX Expands Leadership Position in Greater South Suburbs Home Sales

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).

RE/MAX Expands Its Leadership Position in Southwest Suburbs Home Sales

The RE/MAX Northern Illinois network increased its market share leadership in the Southwest Suburbs market area during 2007 based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI). RE/MAX agents listed 30.1 percent of all homes sold in the area, up from 29.8 percent during the prior year.

Home sales reported by the MLSNI totaled 4,418 in the Southwest Suburbs during 2007, a decrease of 26 percent from the 5,970 homes sold during 2006.

The Southwest Suburbs market area includes the communities of Alsip, Blue Island, Bridgeview, Burbank, Chicago Ridge, Crestwood, Evergreen Park, Hickory Hills, Hometown, Justice, Lemont, Merrionette Park, Midlothian, Oak Forest, Oak Lawn, Orland Hills, Orland Park, Palos Heights, Palos Hills, Palos Park, Posen, Robbins, Tinley Park and Worth.

The top five real estate organizations in the Southwest Suburbs during 2007, in terms of sold listings, were RE/MAX with 1,329 (30.1 percent), Coldwell Banker with 536 (12.1 percent), Century 21 with 463 (10.5 percent), Realty Executives with 233 (5.3 percent) and Prudential with 142 (3.2 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.

RE/MAX also led the Southwest Suburbs market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 23.3 percent of all listed homes sold in the area, topping Century 21 (12 percent), Coldwell Banker (11.5 percent), Realty Executives (4.3 percent) and Prudential (3.4 percent).

RE/MAX Retains Top Spot in Northwest Suburbs

The RE/MAX Northern Illinois network remained the market share leader in the Northwest Suburbs market area during 2007. RE/MAX agents listed 27.2 percent of all homes sold in the area based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI).

Home sales reported by the MLSNI totaled 9,066 in the Northwest Suburbs during 2007, a decrease of 24.2 percent from the 11,967 homes sold during the prior year.

The Northwest Suburbs market area includes the communities of Arlington Heights, Barrington, Buffalo Grove, Des Plaines, Elk Grove Village, Hanover Park, Hoffman Estates, Inverness, Keeneyville, Mt. Prospect, Niles, Palatine, Park Ridge, Prospect Heights, Rolling Meadows, Roselle, Schaumburg, Streamwood and Wheeling.

The top five real estate organizations in the Northwest Suburbs during 2007, in terms of sold listings, were RE/MAX with 2,464 (27.2 percent), Coldwell Banker with 1,316 (14.5 percent), Century 21 with 949 (10.5 percent), Baird & Warner with 616 (6.8 percent) and Starck & Company with 330 (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 Northwest Suburbs market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 21.2 percent of all listed homes sold in the area, topping Coldwell Banker (12.1 percent), Century 21 (10.6), Baird & Warner (6.4 percent) and Starck & Company (3 percent).

RE/MAX Retains Top Spot in Elgin Area Home Sales

The RE/MAX Northern Illinois network remained the market share leader in the Elgin area during 2007. RE/MAX agents listed 30 percent of all homes sold in the area based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI).

Home sales reported by the MLSNI totaled 3,423 in the Elgin area during 2007, a decrease of 29.9 percent from the 4,885 homes sold during the prior year.

The Elgin market includes the communities of Burlington, Carpentersville, East Dundee, Elgin, Genoa, Gilberts, Hampshire, Hanover Park, Lake Marion, Pingree Grove, Plato, Sleepy Hollow, South Elgin, Streamwood and West Dundee.

The top five real estate organizations in the Elgin area during 2007, in terms of sold listings, were RE/MAX with 1,028 (30 percent), Coldwell Banker with 356 (10.4 percent), Century 21 with 338 (9.9 percent), Baird & Warner with 211 (6.2 percent) and Starck & Company with 165 (4.8 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.

RE/MAX also led the Elgin area market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 25.6 percent of all listed homes sold in the Elgin area, topping Century 21 (12.1 percent), Coldwell Banker (7.4 percent), Baird & Warner (5.6 percent) and Starck & Company (4.2 percent).

RE/MAX Retains Top Spot in West Towns

The RE/MAX Northern Illinois remained the market share leader in the West Towns home sales market area during 2007. RE/MAX agents listed 23.5 percent of all homes sold in the area based on sales data available through the Multiple Listing Service of Northern Illinois (MLSNI).

Home sales reported by the MLSNI totaled 2,666 in the West Towns area during 2007, a decrease of 27.3 percent from the 3,666 homes sold during the prior year.

The West Towns market area includes the communities of Berwyn, Broadview, Brookfield, Cicero, Forest Park, Forest View, Lyons, North Riverside, Oak Park, River Forest, Riverside, Stickney and Westchester.

The top five real estate organizations in the West Towns market during 2007, in terms of sold listings, were RE/MAX with 627 (23.5 percent), F.C. Pilgrim & Co. with 205 (7.7 percent), Coldwell Banker with 181 (6.8 percent), Century 21 with 170 (6.4 percent) and Baird & Warner with 168 (6.3 percent). Data maintained by the MLSNI may not reflect all real estate activity in a specific market area.

RE/MAX also led the West Towns market in homes purchased. In 2007, RE/MAX agents represented buyers who purchased 16.3 percent of all listed homes sold in the area, topping Coldwell Banker (7.8 percent), Century 21 (7.2 percent), Baird & Warner (6.5 percent) and F.C. Pilgrim & Co. (6 percent).