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MRED adds 12th Realtor association

Chicago-area MLS expecting additional growth

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Midwest Real Estate Data (MRED), the Chicago-area multiple listing service that serves northern Illinois, southern Wisconsin and northwest Indiana, has added a 12th Realtor association as a member, and said it hopes to capitalize on inquiries it has received from other associations.MRED's newest member, the Kankakee-Iroquois-Ford Association of Realtors (KIFAR), is located in a rural area about an hour's drive south of Chicago. KIFAR has operated its own MLS since 1957, when it served 21 Realtors.Today, KIFAR has 248 members, and its MLS also serves members of other boards who purchase its services. During March, the KIFAR MLS provided access to information on 1,774 listings with a total asking price of $321.7 million, including 1,182 residential properties with an average list price of $140,393.MRED, by comparison, serves nearly 8,000 real estate offices and 40,000 real estate professionals, including brokers, agents and appraisers. Because it can leverage its size to take advantage o...