Andrew Congenie Real Estate - Compass

Andrew Congenie Real Estate - Compass Licensed real estate broker at Compass

📊MARKET ANALYSIS📈April 2025The spring market is in full swing and at its peak for the year. At this point in the year, t...
05/05/2026

📊MARKET ANALYSIS📈April 2025
The spring market is in full swing and at its peak for the year. At this point in the year, the number of buyers peaks, meaning now is the best time of the year for sellers to sell and now is the most competitive time of the year for buyers to buy. The number o sellers entering the market and listing their homes for sale has steadily been increasing since mid-February. The market is still in a shortage, aka a seller's market, so buyers need to be competitive and willing to act quickly. However, market times are still not as drastic as they were post covid in 2021 - sellers still need to be priced appropriately, as overpriced homes do sit on the market. Interestingly enough, the number of homes being bought and sold remains fairly consistently down compared to last year. Perhaps people are hesitant to enter the real estate market given the current geopolitical climate and local economic outlook.

📊MARKET ANALYSIS📈Feb 2025The Super Bowl is the unofficial kickoff (pun intended) of the spring market. At this point in ...
03/05/2026

📊MARKET ANALYSIS📈Feb 2025
The Super Bowl is the unofficial kickoff (pun intended) of the spring market. At this point in the year, the number of buyers really starts to increase now through ~June. Same with the number of sellers, more and more people will be putting their homes up for sale over the next few weeks. The market is still in a shortage, aka a seller's market, so buyers need to be competitive and willing to act quickly. However, market times are still not as drastic as they were post covid in 2021 - sellers still need to be priced appropriately as overpriced homes do sit on the market.

📊MARKET ANALYSIS📈Dec 2025I hope everyone had a wonderful holiday season! Based on the first chart, you can see we had a ...
01/14/2026

📊MARKET ANALYSIS📈Dec 2025
I hope everyone had a wonderful holiday season! Based on the first chart, you can see we had a MASSIVE slowdown during the weeks of Christmas & New Year's to end the 2025 year. Per usual, the market quickly normalized itself. To start things off in January, sellers are still a bit slow to start listing their homes. Can't blame them, it's bitterly cold and most people wait until later in the year anyway. Buyer activity is normal. But the big news is interest rates! The Federal Reserve recently cut interest rates so now we're seeing rates in the high-5's to low 6's, yay! Not much has changed on the supply/demand side of the real estate market. The Chicagoland area continues to be in a shortage (seller's market) so prices are slowly but surely increasing YoY.

📊MARKET ANALYSIS📈Nov 2025Big News! The Federal Reserve lowered interest rates by an additional 25 basis points (0.25%). ...
12/17/2025

📊MARKET ANALYSIS📈Nov 2025
Big News! The Federal Reserve lowered interest rates by an additional 25 basis points (0.25%). For those who don't actively follow The Fed, the US economy is currently in a delicate balancing act, with unemployment numbers higher than expected and the inflation rate still higher than desired AND increasing (making matters worse). The balancing act is as follows: Lowering interest rates tends to incentivize businesses to invest, hire employees, and spend money (the goal here is to lower the unemployment rate). However, too much investing, hiring, and spending tends to increase inflation. So, how do you lower (an already higher than desired) unemployment rate while lowering (an already higher than desired) inflation rate? ... Tricky question indeed. Far above my pay grade! But how does all of this impact real estate?? The Chicagoland area market is behaving differently compared to the rest of the country; we still have a shortage of housing in the market. Meaning, we do not have enough homes to match the level of demand for housing. As such, the Chicagoland area real estate market is, in general, in a shortage (sellers market). Home prices are increasing, buyers need to be quick and decisive, and sellers need to price their homes appropriately. Personally speaking, overpriced homes sit on the market - buyers are willing to compete, but they're not willing to overpay. Sellers definitely have the upper hand, but they still need to be realistic. At the moment, the real estate market has contracted due to seasonal variability - most people don't want to be buying/selling homes over the holidays! But the market is expected to pick up, an increase in both the number of buyers & sellers, after the new year.

📊MARKET ANALYSIS📈Oct 2025I've definitely fallen off the bandwagon and skipped a few months over the summer, but I'm back...
11/20/2025

📊MARKET ANALYSIS📈Oct 2025
I've definitely fallen off the bandwagon and skipped a few months over the summer, but I'm back now! Market activity is normal/healthy for this time of the year. Buyer demand is behaving as expected for this time of the year. After the 4th fo July, the real estate market begins its slow and steady decline until ~ Thanksgiving. At which point in time, it takes a bit of a nosedive through the Christmas/New Year's holidays. The number of sellers entering the market is fairly normal but still in a shortage when compared to the demand for homes in the Chicagoland area. Contrary to new reports of real estate in the rest of the USA, the Chicagoland area is still very much in a seller's market. Interest rates decreased by 0.25% at the most recent Fed meeting. Projections predict another -0.25% decrease in December, but only time will tell. Due to the continued strong buyer demand and restricted seller supply, homes are still seeing a ~ +5% increase YoY. Each suburb/neighborhood varies - but that's the overall average for the Chicagoland area.

📊MARKET ANALYSIS📈May 2025Buyer activity is slower/down from last year, 2024, and the number of new listings is more or l...
06/04/2025

📊MARKET ANALYSIS📈May 2025
Buyer activity is slower/down from last year, 2024, and the number of new listings is more or less consistent with the number of new listings in 2024. Particluarly in the 2nd to last graph, titled Residential Active and Temporary, you can see the number of sellers entering the market has increased fairly consistently from the beginning of March. Now jump back to the first graph which shows you buyer activity, you can see that peaking in March and remaining faily consistent through May. When we are still very much in a seller's market, the number of homes available is increasing while demand is stable. Multiple offers are still very common and therefore driving the price of homes up YoY. We aren't expecting any interest rate cuts anytime soon, unfortunately, so I'd expect a lot more status quo for the time being.

Address

103 N Haven Road Suite 1
Elmhurst, IL
60126

Telephone

+16304038067

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