RE/MAX Continued To Lead Lincoln Way Area In 2008, Closing Nearly 500 Home Sale Transactions

RE/MAX Network Again Tops Metro Chicago Real Estate Market

RE/MAX agents once again led the Lincoln Way area residential real estate market during 2008, representing either the buyer or seller in 486 home sale transactions, according to sales data available for the Lincoln Way area 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 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 268, or 33.5 percent, of all residential properties sold in the Lincoln Way area during 2008. They also led the area in buyer representation, assisting buyers with 218 transactions.

The Lincoln Way market area includes the communities of Frankfort, Green Garden, Manhattan, Mokena, New Lenox and Wilton Center.

Home sales reported by MRED in Lincoln Way during 2008 totaled 799, a 20.9 percent decrease from the 1,010 homes sold in 2007.

The top five real estate organizations in the Lincoln Way area during 2008, in terms of listings sold, were RE/MAX with 268 (33.5 percent), Coldwell Banker with 132 (16.5 percent), Century 21 with 83 (10.4 percent), Realty Executives with 59 (7.4 percent) and Lincoln-Way Realty Inc., with 30 (3.8 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 the Lincoln Way area in buyer representation, closing 27.3 percent of all sales made of listed homes in 2008, topping Coldwell Banker (18.5), Century 21 and Realty Executives (both with 8.3 percent) and Baird & Warner, Prudential and Prospect Equities (with 1.8 percent each). RE/MAX remained the market-share leader in buyer representation across the metropolitan Chicago real estate market during 2008, completing 16.4 percent of all buyer transactions.