Will County Beats Metro Chicago Real Estate Market by Posting 3.3% Increase in 2009 Home Sales; RE/MAX Retains Leadership in County

Elgin, IL, February 16, 2010 --(PR.com)-- Home sales in Will County, Ill., posted a 3.3 percent increase last year, a larger gain than the 1.5 percent increase achieved by the seven-county metropolitan Chicago real estate market. Home sales in Will County rose from 5,956 in 2008 to 6,151 in 2009, with RE/MAX retaining its position as the county’s leading brokerage organization.

The full-year increase in sales was made possible by strong second half sales. Will County sales were up 22 percent in the July-December period compared to the same six months in 2008. Sales in the entire metro area were up 23 percent in the second half of 2009.

RE/MAX agents accounted for 1,609, or 26.2 percent, of all residential listings sold in Will County during 2009 making them number one in that category, according to Midwest Real Estate Data, LLC (MRED). RE/MAX agents also led in buyer representation, assisting buyers with 1,331 transactions, or 21.6 percent.

RE/MAX also led in total transactions closed in Will County, representing either the buyer or seller in a total of 2,940 transactions, or 23.9 percent. The next four firms in the total transaction category are Coldwell Banker (17.6 percent), Century 21 (6.9 percent), Realty Executives (3.7 percent) and Baird & Warner (3.6 percent).

Since 1989, RE/MAX has led the metropolitan Chicago residential real estate market based on closed sales volume. In 2009, RE/MAX agents listed 18.9 percent of all homes sold in the seven-county Chicago real estate market, a larger percentage than any other real estate organization.

The top five real estate organizations in Will County during 2009, in terms of attached and detached residential listings sold, were RE/MAX with 1,609 (26.2 percent), Coldwell Banker with 1,050 (17.1 percent), Century 21 with 409 (6.6 percent), Realty Executives with 262 (4.3 percent) and Baird & Warner with 200 (3.3 percent). Data maintained by MRED may not reflect all real estate activity in a specific market area.

For the same time period, RE/MAX agents led Will County in buyer representation, closing 1,331 (21.6 percent) of all sales made of listed homes in 2009, topping Coldwell Banker with 1,115 (18.1 percent), Century 21 with 438 (7.1 percent), Baird & Warner with 243 (4 percent) and Realty Executives with 194 (3.2 percent). RE/MAX remained the market-share leader in buyer representation across the metropolitan Chicago real estate market during 2009, completing 16.4 percent of all buyer transactions.

In 2009, the RE/MAX Northern Illinois real estate network closed more than $6 billion in sales. It has been the sales leader in the metropolitan Chicago real estate market since 1989 and also is number one across northern Illinois.

The RE/MAX Northern Illinois network consists of 2,500 associates and 121 individually owned and operated RE/MAX offices that provide residential, relocation and commercial real estate services throughout the northern one-third of Illinois. The network’s Web sites, www.illinoisproperty.com and www.remax.com, are two of the most popular real estate Web sites in northern Illinois and nationwide, respectively, according to Compete.com, Comscore and Hitwise, which are online intelligence services.

RE/MAX Northern Illinois is part of RE/MAX International, a global real estate organization with 6,500 independently owned offices and 93,000 member sales associates in 78 nations.

Jim Nathan