How Will the Election Affect Home Prices?

By Matt Stark

Matt Stark is a top 1% REALTOR® in Seattle with over 19 years of experience. A Seattle native, he began his career in 1999 as an investor before transitioning to full-time real estate.

As the election approaches, many of my clients are asking the same question: Will it shake up the real estate market? Interest rates, home prices, and demand are already hot topics, so it’s natural to wonder if an election will tip the scales.

Here’s the truth: a small percentage of buyers and sellers might pause their plans to see what unfolds after the votes are in. But will it create a big change in our market overall? Probably not. Instead, what we’re seeing is a trend where people take a “wait-and-see” approach, planning their next move for the end of the year or even the first quarter of 2025.

They’re waiting, watching, and strategizing.

But what about you? If you’re thinking of buying or selling, you may be wondering if now is the right time or if you should wait too.

Real estate is never “one-size-fits-all.” The right move for one homeowner might be completely different for another. Interest rates, supply and demand, and other factors—like the election—can affect what you’ll get for your property and how fast it might sell. But these factors shift constantly, so waiting might not always work in your favor.

Working with a real estate agent can give you a clear picture of how your specific property might perform in today’s market. And whether you decide to act now or after the election, knowing what’s ahead will help you set realistic goals and expectations.

If you’re thinking about buying or selling in the coming months, now’s the time to take action. Reach out and let’s chat. We’ll discuss your goals and review the market trends that apply to you. This way, no matter what happens in the election, you’ll be ready to make an informed decision for your next big step.

Every month that goes by can bring changes to supply, demand, and interest rates, which can directly affect your selling price and the time it takes to find a buyer.

Don’t wait for “perfect” timing. Let’s sit down, talk about your options, and see what’s possible. My goal is to make sure you’re positioned for the best possible outcome, whenever you decide to make a move. Give me a call or text at 206-940-4557 anytime. I’m here to help you make sense of it all and set you on the right path to achieve your real estate goals—before or after election day.