Chicago, IL, July 30, 2011 --(PR.com)-- 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 (top right photo), 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.”
Contact Information
RE/MAX Northern Illinois
Laura Ortoleva
847 428 4200
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