RE/MAX Catapults into Runner Up Leadership Position in Chicago Real Estate Market

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RE/MAX increased its share of residential properties sold in the Chicago real estate market to 8.5 percent during the first half of 2011, up from 7.6 percent in first half 2010. As a result, RE/MAX has moved into second place among real estate brands that do business in the city.

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RE/MAX is number one in more city neighborhoods than any other real estate brand

RE/MAX increased its share of residential properties sold in the Chicago real estate market to 8.5 percent during the first half of 2011, up from 7.6 percent in first half 2010. As a result, RE/MAX has moved up into second place among real estate brands that do business in the city.

According to Midwest Real Estate Data, LLC (MRED), the regional multiple listing service, RE/MAX brokerages sold 1,310 Chicago attached and detached listings in the first half of 2011. That is an increase of 56 percent from the 839 listings that RE/MAX brokerages sold in Chicago during the first half of 2010.

Among the city’s top six real estate brands, RE/MAX had the largest increase in transactions. Those firms, with their market share percentages for the first half of 2011 and 2010, are as follows:

*RE/MAX – 2011-8.5 percent; 2010-7.6 percent
*@Properties – 2011-10.1 percent; 2010-9.6 percent
*Coldwell Banker – 2011-7.9 percent; 2010-9.6 percent
*Prudential– 2011-6.5 percent; 2010-6.1 percent
*Baird & Warner – 2011-4.1 percent; 2010-4.6 percent
*Real Living – 2011-3.7 percent; 2010-5.0 percent

“RE/MAX is number one in more city neighborhoods than any other real estate brand and continues to lead the metro Chicago real estate market in listing units sold, sales made and total transactions,” said Laura Ortoleva, the network’s spokesperson for northern Illinois. “Our goal is to bring RE/MAX world-class market expertise and service to as many Chicago neighborhoods as possible.”

RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network consists of 2,300 sales associates and 110 individually owned and operated RE/MAX offices that provide a full range of brokerage services throughout the northern one-third of Illinois. Its http://www.illinoisproperty.com and http://www.remax.com websites are leaders in consumer visits among real estate franchise brands. Its mobile search, m.illinoisproperty.com, allows users to conduct real estate searches on any mobile device with Internet access. The northern Illinois network is part of RE/MAX LLC, a global real estate organization with 90,000 sales associates in 84 nations.

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