Wednesday, January 28, 2009

RE/MAX Continued To Lead Will County In 2008, Closing More Than 3,000 Home Sale Transactions

RE/MAX Network Again Tops Metro Chicago Real Estate Market

RE/MAX agents once again led the Will County residential real estate market during 2008, representing either the buyer or seller in 3,047 home sale transactions, according to sales data available for Will County through Midwest Real Estate Data, LLC (MRED). Since 1989, RE/MAX has ranked number one in the metropolitan Chicago real estate market based on residential listings sold.

“In a challenging environment for Illinois real estate sales, RE/MAX continue to demonstrate their skills and commitment,” said Jim Merrion, regional director of the RE/MAX Northern Illinois real estate network.

RE/MAX agents listed 1,741, or 29.2 percent, of all residential properties sold in Will County during 2008. They also led the county in buyer representation, assisting buyers with 1,337 transactions.

Home sales reported by MRED in Will County during 2008 totaled 5,956, a 26 percent decrease from the 8,042 homes sold in 2007.

The top five real estate organizations in Will County during 2008, in terms of listings sold, were RE/MAX with 1,741 (29.2 percent), Coldwell Banker with 1,135 (19.1 percent), Century 21 with 370 (6.2 percent), Realty Executives with 266 (4.5 percent) and Baird & Warner with 206 (3.5 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

At the same time, RE/MAX agents led Will County in buyer representation, closing 22.4 percent of all sales made of listed homes in 2008, topping Coldwell Banker (18.4 percent), Century 21 (7.9 percent), Realty Executives (4.6 percent) and Baird & Warner (4.2 percent). Across the metropolitan area during 2008, RE/MAX remained the leader among real estate companies, completing 16.4 percent of all buyer transactions