RE/MAX Network Again Tops Metro Chicago Real Estate Market
RE/MAX agents once again led the LaGrange area residential real estate market during 2008. RE/MAX agents listed 21.4 percent of all homes sold in the area based on sales data available 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 109, or 21.4 percent, of all residential properties sold in the LaGrange area during 2008.
The LaGrange market area includes the communities of Countryside, Hodgkins, Indian Head Park, LaGrange, LaGrange Highlands, LaGrange Park, McCook, Western Springs and Willow Springs.
Home sales reported by MRED in the LaGrange area during 2008 totaled 510, a 25.7 percent decrease from the 686 homes sold in 2007.
The top five real estate organizations in the LaGrange area during 2008, in terms of listings sold, were RE/MAX with 109 (21.4 percent), Coldwell Banker with 99 (19.4 percent), Smothers Realty Group with 65 (12.7 percent), Prime Property Partners with 37 (7.3 percent) and Prudential with 35 (6.9 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.
RE/MAX agents also remained the leaders in buyer representation in 2008, completing 16.4 percent of all buyer transactions in the metropolitan Chicago real estate market.The RE/MAX Northern Illinois real estate network closed nearly $8 billion in sales during 2008 and remained Chicagoland’s market-share leader. Its agents listed one of every five residences sold in the Chicago metropolitan area, or19.7 percent of the total. In the Chicago suburbs, RE/MAX listed 25.7 percent of all homes sold in 2008.
