How Presidential Elections Affect Sacramento Home Sales: What You Need to Know

How Presidential Elections Affect Sacramento Home Sales: 

What You Need to Know

Housing Market Trends During Election Years

One of the biggest concerns people have during an election year is how it will affect housing prices. You might be wondering: "Will home prices in Sacramento drop because of the election?" The answer, based on historical data, is typically no. Over the last several decades, housing prices in Sacramento and nationwide have continued to rise following Presidential elections.

• Home Sales: In the months leading up to a Presidential election, there’s often a slight slowdown in home sales as buyers and sellers hesitate. However, this is usually temporary. After the election, home sales tend to rise again. In fact, after 9 of the last 11 Presidential elections, home sales increased the following year. For Sacramento home sales, this means less competition and more motivated sellers, giving you an advantage whether you’re buying or selling.
• Home Prices: If you’re wondering whether home prices will drop due to the election, historical trends show that prices typically continue to rise. As residential appraiser Ryan Lundquist notes, “An election year doesn’t alter the price trend that is already happening in the market.” The Sacramento housing market has shown consistent growth, even during election years, so you can expect the current price trend to continue unless impacted by an external economic event.
• Mortgage Rates: Mortgage rates play a significant role in your buying power. The good news here is that, historically, mortgage rates tend to decrease during election years. In fact, in 8 of the last 11 elections, mortgage rates dropped between July and November. If you’re buying a Sacramento home for sale, this could be the perfect time to secure a lower rate and maximize your purchasing power.

What Does This Mean for You?

So, should you wait to buy or sell a home during this election cycle? The data suggests that elections don’t have a major long-term impact on the housing market, and prices tend to keep rising. If you're a buyer, lower mortgage rates combined with less competition could work in your favor, especially if you act before the election passes. On the flip side, if you’re a seller, you might find yourself in a more favorable position with motivated buyers looking to make a move.

For Sacramento home sales and Sacramento luxury houses, this could be a prime time to either buy or sell, depending on your goals.

Why Sac Platinum Realty Is Your Ideal Partner

At Sac Platinum Realty, we understand how important timing is when it comes to buying or selling a home, especially in the midst of an election year. Our team of expert agents knows the Sacramento market inside and out, and we’re here to guide you through the process, ensuring that your transaction is as smooth and profitable as possible. Whether you’re searching for a luxury house or listing your home for sale, we’ll help you make the best decision for your future.

The Presidential election may cause brief uncertainty in the market, but based on decades of data, Sacramento home sales and prices will likely continue to show steady growth. If you’ve been thinking about buying or selling, don’t wait for the election to pass. The market is strong, and with the help of Sac Platinum Realty, you can make a move with confidence. Contact us today to learn more about how we can help you navigate the market during this election cycle and beyond!