Just sold: Increasing home prices have led to strong revenue gains

The Real Estate Sales and Brokerage industry in Illinois has grown. Revenue and profit margins for the industry have been on the rise, largely due to increasing home prices and strong growth in the commercial sector. The rise of e-commerce, which has hurt the brick-and-mortar retail segment, had the potential to hinder some of the positive trends of the past five years, but not enough to reverse significant industry growth. IBISWorld expects industry revenue to continue rising over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
1.2%
Forecast Growth 17-22
Profit
Employment
33,389
Businesses
26,363

Industry Threats & Opportunities

  • The Illinois housing market has been the principal driving force behind restoring the health of this industry
  • As a result of the growing need for brokers, the number of industry establishments has grown
  • The home price index in Illinois is expected to continue growing
  • Industry Report - Industry Analysis Chapter

    The Real Estate Sales and Brokerage industry in Illinois has fared well over the past five years and is expected to grow at an annualized rate of 1.2% to reach $4.0 billion over the five years to 2017. Demand has been high and brokers have been challenged to provide services while grappling with increased competition for clients. Improvements in the economy and more specifically the housing market are expected to result in revenue growth of 3.3% in 2017 alone.Improving housing marketA large portion of industry revenue comes from residential purchases and rentals, which hinge on the strength of the housing market. Ind...purchase to read more.

    Additional Insights for the Real Estate Sales & Brokerage in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Real Estate Sales & Brokerage in Illinois Industry are

  • Effective product promotion
  • Effective cost controls
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as year conventional mortgage rate and Existing home sales in the Real Estate Sales & Brokerage in Illinois industry impact industry performance..

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    What's in this report

    What is the Real Estate Sales & Brokerage in Illinois Industry?

    This industry comprises brokers and agents who sell, buy or rent real estate for others. Industry operators do not own these properties but act as intermediaries between owners or sellers and buyers or tenants.

    Industry Products
  • Residential
  • Commercial
  • Transaction, advisory and other services
  • Industry Activities
  • Selling residential or commercial real estate for others
  • Buying residential or commercial real estate for others
  • Renting residential or commercial real estate for others
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • year conventional mortgage rate
  • Existing home sales
  • Home Price Index in Illinois
  • Per Capita Disposable Income in Illinois

  • Current Performance
  • Improving housing market
  • Improving commercial real estate market
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing prices on the rise
  • Further commercial expansion
  • Table: Real Estate Sales & Brokerage in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Real Estate Sales & Brokerage in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Real Estate Investment Trusts
  • Apartment Rental
  • Commercial Leasing
  • Storage & Warehouse Leasing

  • Key Selling Industries
  • Billboard & Outdoor Advertising
  • Newspaper Publishing
  • Printing
  • VoIP
  • Wired Telecommunications Carriers
  • Wireless Telecommunications Carriers

  • Products & Services
  • Residential
  • Commercial
  • Transaction, advisory and other services
  • Chart: Real Estate Sales & Brokerage in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Homeowners and renters
  • Retail
  • Office
  • Specialty property types
  • Industrial
  • Chart: Major Market Segmentation for the Real Estate Sales & Brokerage in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases, depreciation and marketing
  • Rent and utilities
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Real Estate Sales & Brokerage in Illinois

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Real Estate Sales & Brokerage in Illinois Industry

  • CBRE Group Inc., Cushman & Wakefield Inc., Colliers International Property Consultants Inc., Marcus & Millichap Inc.,
  • Table: CBRE Group Inc. - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: Colliers International Property Consultants Inc. - financial performance
  • Table: Marcus & Millichap Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Real Estate Sales & Brokerage in Illinois Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Real Estate Sales & Brokerage in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Home Price Index in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Foreclosure
  • The legal process in which an owner's right to a property is terminated, usually because the owner defaulted on the property's mortgage.
  • Franchise
  • A form of business that operates under a contract agreement and usually pays a business organization a fee to operate under the franchiser's trade name.
  • Real Estate Broker
  • An individual who runs a real estate office and manages agents.
  • Write-Down
  • The process of reducing the book value of an asset because it is overvalued compared with its current market value.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Real Estate Sales & Brokerage in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Real Estate Sales & Brokerage in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Real Estate Sales & Brokerage in Illinois:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Real Estate Sales & Brokerage in Illinois market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Real Estate Sales & Brokerage in Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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