RE/MAX Takes Second Place in Market Share

by Chicago Agent

RE/MAX has increased its market share and is now ranked second place among real estate brands that do business in Chicago.

In the Chicago real estate market, RE/MAX increased its share of residential properties sold to 8.5 percent so far this year, up from 7.6 percent last year. Other top real estate brands are @properties with a market share of 10.1 percent, Coldwell Banker with 7.9 percent and Prudential with 6.5 percent.

According to the Midwest Real Estate Data, LLC (MRED), RE/MAX brokerages sold 1,310 Chicago attached and detached listings in the first half of 2011. This is a 56 percent increase from the 839 listings sold last year this time.

Laura Ortoleva, the network’s spokesperson for northern Illinois, explains that RE/MAX is number one in more city neighborhoods than any other real estate brand.

“RE/MAX continues to lead the metro Chicago real estate market in listing units sold, sales made and total transactions,” Ortoleva said. “Our goal is to bring RE/MAX world-class market expertise and service to as many Chicago neighborhoods as possible.”

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