Thursday, July 30, 2009

RE/MAX Expands Share Of Cook County Home Sales; Retains Lead In Metro Chicago Real Estate Market


The RE/MAX Northern Illinois network expanded its leadership in the Cook County residential home sales market during the first half of 2009 and remains the overall leader in the metropolitan Chicago real estate market. RE/MAX agents represented either the buyer or seller in 13.4 percent of home sales in Cook County, up from 12.8 percent during the same six months last year based on sales data available through Midwest Real Estate Data, LLC (MRED).

Home sales reported by MRED totaled 16,168 in Cook County during the first six months of 2009. That is 20 percent fewer sales than were reported for the same period last year.

RE/MAX agents listed 14.3 percent of all homes sold in the county during the first half of this year, up from 14.2 percent for the first six months of 2008.

The top five real estate organizations in Cook County during the first half of 2009, in terms of listings sold, were RE/MAX with 2,313 (14.3 percent), Coldwell Banker with 2,096 (13 percent), Century 21 with 783 (4.8 percent), @ Properties with 711 (4.4 percent) and Baird & Warner with 668 (4.1 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

In Cook County, no one helped more buyers purchase homes than RE/MAX. During the first half of 2009, RE/MAX agents represented buyers who purchased 12.5 percent of all listed homes sold, up from 11.4 percent in the same six months last year. Following RE/MAX in that category were Coldwell Banker (10.9 percent), Century 21 (6.3 percent), @ Properties (4.7 percent) and Baird & Warner (4.3 percent).

Across the metropolitan area during the six-month period, RE/MAX remained the leader among real estate companies, with a total market share of 17.8 percent. RE/MAX agents led in each of the two statistical categories that contribute to overall market share, listing 18.8 percent of all homes sold and assisting 16.8 percent of all buyers. Since 1989, RE/MAX has ranked number one in the Chicago metropolitan home sales market based on listings sold.

MRED data for the first half of 2009 also reveals that RE/MAX was the total market-share leader in the Chicago suburbs, accounting for 22 percent of all transactions. RE/MAX listed 23.1 percent of all homes sold and assisted 20.8 percent of all buyers.

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