The RE/MAX Northern Illinois network was responsible for the sale of more homes in the metropolitan Chicago real estate market than any other brokerage organization during 2008. RE/MAX has maintained the number one position in the Chicago real estate market for the last 20 years.
“In a challenging environment for Illinois real estate sales, RE/MAX agents 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 19.7 percent, or one of every five homes sold during 2008. In the suburban Chicago real estate market, RE/MAX led with a 25.7 percent market share, selling more than one of every four homes.
During the same period, RE/MAX agents represented buyers in 16.4 percent of transactions, including 21.3 percent in the Chicago suburbs, more than any other real estate company.
The data, which was provided by Midwest Real Estate Data, LLC (MRED), also showed that 67,938 residential listings were sold during 2008 in the seven-county metropolitan Chicago real estate market, which includes Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties. That is 26 percent fewer than the 91,766 homes sold in 2007.
RE/MAX agents listed 13,412 (19.7 percent) of the properties sold. Trailing RE/MAX in market share were Coldwell Banker with 10,292 sales (15.1 percent), Century 21 with 4,428 sales (6.5 percent), Baird & Warner with 3,520 sales (5.2 percent), Prudential with 2,927 sales (4.3 percent), GMAC with 2,856 sales (4.2 percent), @Properties with 1,943 sales (2.9 percent), Realty Executives with 1,707 sales (2.5 percent), Keller Williams with 1,608 sales (2.4 percent) and Rubloff with 786 sales (1.2 percent). Data maintained by MRED may not reflect all real estate activity in the market.
In the metro Chicago real estate market, no one helped more buyers purchase homes than RE/MAX. During 2008, RE/MAX agents led the way with a 16.4 percent market share. Other companies in the top five were Coldwell Banker with 12.3 percent, Century 21 with 7.7 percent, Baird & Warner with 5.4 percent and Prudential with 4.5 percent.
According to MRED data, RE/MAX was the market share leader for listings sold in five of the seven counties, and it led all seven counties in buyer representation. RE/MAX also was the market share leader in more than 200 towns and communities across Chicagoland.
- Cook County - Of the 39,902 listed homes sold in Cook County, RE/MAX was number one in buyer representation with 11.5 percent.
- DuPage County - Of the 7,915 listed homes sold in DuPage County, RE/MAX led with 26.7 percent and was number one in buyer representation with 21.6 percent.
- Elgin Area - Of the 2,459 listed homes sold in the Elgin market area, RE/MAX led with 29 percent and was number one in buyer representation with 26.8 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 1,527 listed homes sold in the Fox Valley market, RE/MAX led with 38.7 percent and was number one in buyer representation with 28.9 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 4,038 listed homes sold in the Greater South Suburbs market, RE/MAX led with 24.5 percent and was the leader in buyer representation with 18.1 percent. The Greater 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.
- Kane County - Of the 4,070 listed homes sold in Kane County, RE/MAX led with 30.8 percent and was number one in buyer representation with 25.2 percent.
- Kendall County – Of the 1,309 listed homes sold in Kendall County, RE/MAX was number one in buyer representation with 20.7 percent.
- LaGrange - Of the 510 listed homes sold in the LaGrange market area, RE/MAX led with 21.4 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 6,000 listed homes sold in Lake County, RE/MAX led with 27.6 percent and was number one in buyer representation with 24.2 percent.
- Lincoln Way – Of the 799 listed homes sold in the Lincoln Way market area, RE/MAX led with 33.5 percent and was number one in buyer representation with 27.3 percent. The Lincoln Way market includes the communities of Frankfort, Green Garden, Manhattan, Mokena, New Lenox and Wilton Center.
- McHenry County - Of the 2,786 listed homes sold in McHenry County, RE/MAX led with 24.6 percent and was number one in buyer representation with 25.5 percent.
- Northwest Suburbs - Of the 6,479 listed homes sold in the Northwest Suburbs market area, RE/MAX led with 27.7 percent and was also the leader in buyer representation at 23.7 percent. The Northwest Suburbs 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 592 listed homes sold in the O’Hare Suburbs market area, RE/MAX led with 27.2 percent, while also leading in buyer representation with 18.9 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 3,321 listed homes sold in the Southwest Suburbs market, RE/MAX led with 29.1 percent and was the buyer representation leader with 23 percent. The Southwest Suburbs 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 1,873 listed homes sold in the West Towns market area, RE/MAX led with 21.1 percent and was number one in buyer representation at 16.9 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 5,956 listed homes that were sold in Will County, RE/MAX led with 29.2 percent, and it was number one in buyer representation with 22.4 percent.
