RE/MAX Continued To Lead Southwest Suburbs In 2008, Closing More Than 1,700 Home Sale Transactions

RE/MAX Network Again Tops Metro Chicago Real Estate Market

RE/MAX agents once again led the Southwest Suburbs residential real estate market during 2008, representing either the buyer or seller in 1,732 home sale transactions, according to sales data available for the Southwest Suburbs 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 967, or 29.1 percent, of all residential properties sold in the Southwest Suburbs during 2008. They also led the area in buyer representation, assisting buyers with 765 transactions.

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.
Home sales reported by MRED in the Southwest Suburbs during 2008 totaled 3,321, a 24.8 percent decrease from the 4,418 homes sold in 2007.

The top five real estate organizations in the Southwest Suburbs during 2008, in terms of listings sold, were RE/MAX with 967 (29.1 percent), Coldwell Banker with 458 (13.8 percent), Century 21 with 329 (9.9 percent), Realty Executives with 184 (5.5 percent) and Prudential with 96 (2.9 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 Southwest Suburbs in buyer representation, closing 23 percent of all sales made of listed homes in 2008, topping Century 21 (12.6 percent), Coldwell Banker (12.5 percent), Realty Executives (3.7 percent) and Prudential (3.2 percent). 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.