RE/MAX Retained No. 2 Ranking for Residential Listings Sold in City of Chicago Real Estate Market During 2011
Chicago, IL – February 14, 2012 – (RealEstateRama) — RE/MAX Northern Illinois agents sold the second largest number of residential real estate listing units in the City of Chicago during 2011. Due to their efforts, RE/MAX held on to its runner-up position to the market leader, with an 8.3 percent share of listings sold in the Chicago real estatemarket.
According to statistics released by Midwest Real Estate Data, LLC, the local regional multiple listing service, RE/MAX Northern Illinois brokerages sold 1,485 listings in the city during 2011, second only to Chicago’s @properties. This number puts RE/MAX ahead of such other prominent competitors as Coldwell Banker Residential Brokerage, Baird & Warner and Prudential.
RE/MAX agents also represented buyers in 1,210 home sales during 2011, giving
RE/MAX brokerages a combined 2,695 attached and detached Chicago home sales last year.
RE/MAX Northern Illinois first vaulted into the second-place spot for listings sold in Chicago during the first half of 2011. During those six months, RE/MAX boasted the largest increase in transactions among Chicago’s top six real estate brands.
“We are all proud of the year that RE/MAX agents and brokerages had in 2011,” said Laura Ortoleva, a spokesperson for RE/MAX Northern Illinois. “RE/MAX offices are staffed by some of the most talented and hard-working agents in the city. It’s little surprise that RE/MAX remains a major player in the Chicago housing market.”
Ortoleva said that she expects RE/MAX Northern Illinois to continue its strong performance in Chicago during 2012.
The Chicago housing market ended 2011 on a strong note, with the sales of existing homes rising in December by 6.2 percent when compared to the same month one year earlier, according to numbers from the Illinois Association of REALTORS®. The hope is that this bodes well for higher condominium and single-family home sales in the city in 2012.
“We have made a commitment to the city, and that is reflected in our strong sales numbers,” Ortoleva said. “I expect our performance in Chicago to remain strong in this new year.”
RE/MAX has been the leader in the northern Illinois real estate market since 1989. The RE/MAX Northern Illinois network, with headquarters in Elgin, Ill., consists of 2,100 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 89,000 sales associates in 87 nations.
