RE/MAX Achieves Top Market Share in Twin Cities Metro for 2009
RE/MAX Ranks #1 in Listings Sold for 13-County Twin Cities Area
BLOOMINGTON, Minn. // PRNewswire // -- RE/MAX achieved a great accomplishment in 2009, regardless of the static housing economy, and earned number one Market Share status in the Twin Cities 13-county metro for number of listings sold between January 1, 2009 and December 31, 2009. RE/MAX earned this achievement over second place Edina Realty and the remaining top five brands: Coldwell Banker Burnet, Keller Williams and Counselor Realty. This achievement is figured by combining the sold listings of all office locations and independent offices of each multi-office or franchise organization, in which listings were sold, according to data maintained by the Local Board or Regional Multiple Listing Service for the 13-county Twin Cities metro.
Earning number one Market Share for listings sold for all of 2009 is a RE/MAX achievement that has been years in the making. In a Market Share Trends report for listings sold from year-end 1995 through December 31, 2009, RE/MAX increased in market share for 11 of those 15 years; slumping only when the real estate industry dipped, but having an overall increase of 90.06% market share. Meanwhile, Coldwell Banker Burnet and Edina saw 15 years of decline, decreasing in market share by 56.42% and 26.09% respectively. This information was compiled from data supplied by the Regional Multiple Listing Service of Minnesota and its member associations of REALTORS.
Director of Franchise Development for RE/MAX North Central, Greg Cecchettini, says achieving the number one market share status in the Twin Cities 13-county metro is an accomplishment. "It shows that RE/MAX agents and brokers have been able to adapt to the changes in the market faster and more effectively than our competition. For example, RE/MAX agents make up over 60% of all the Certified Distressed Properties Experts (CDPE) in the U.S., which are focused on helping homeowners who are having challenges in making their mortgage payments or facing foreclosure, sell their homes."
In addition to earning the number one market share in the Twin Cities 13-county metro, RE/MAX agents proved to be the most productive agents in the metro for 2009; the Sales Associate Productivity report shows the average active RE/MAX agent closed 14.83 transactions between January 1, 2009 and December 31, 2009. This is compared to Edina's agents' 10.04 closed transactions and Coldwell Banker Burnett's 8.73 closed transactions. This is based on data from the Regional Multiple Listing Service on active agents of companies with 100 or more agents.
RE/MAX currently has more than 1,300 active associates and 91 operating offices in Minnesota with number one market share status in 144 cities; an increase of 30 markets since 2008. RE/MAX North Central is affiliated with RE/MAX International. Since its inception in 1985, RE/MAX North Central has grown to nearly 200 offices and more than 2,100 sales associates throughout Minnesota and Wisconsin, providing residential and commercial real estate as well as relocation and referral services.
Based in Denver, CO, RE/MAX International is a global real estate system of franchisee owned and operated offices and their network of nearly 96,000 independent sales professionals. The RE/MAX network is made up of more than 70 regions, varying in size from a metropolitan area to an entire country. RE/MAX values community involvement at all levels of the organization, from individual Associates to corporate headquarters. Children's Miracle Network and Susan G. Komen for the Cure are two prime beneficiaries.
SOURCE RE/MAX North Central