RE/MAX Retains Home Sales Lead In Lincoln Way And Metro Chicago Real Estate Market

The RE/MAX Northern Illinois network retained leadership in the Lincoln Way 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 29.6 percent of home sales in the Lincoln Way area during the six month period based on sales data available through Midwest Real Estate Data, LLC (MRED).

Home sales reported by MRED totaled 304 in the Lincoln Way area during the first six months of 2009. That is 26.6 percent fewer sales than were reported for the same period last year.

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

The top five real estate organizations in the Lincoln Way area during the first half of 2009, in terms of listings sold, were RE/MAX with 106 (34.9 percent), Coldwell Banker with 44 (14.5 percent), Century 21 with 33 (10.9 percent), Realty Executives with 28 (9.2 percent) and Lincoln-Way Realty with 8 (2.6 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

In the Lincoln Way area, no one helped more buyers purchase homes than RE/MAX. During the first half of 2009, RE/MAX agents represented buyers who purchased 24.3 percent of all listed homes sold. Following RE/MAX in that category were Coldwell Banker (14.5 percent), Century 21 (12.2 percent), Realty Executives (8.9 percent) and Murphy Real Estate Group (2.6 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.