With the 2024 Presidential election around the corner, you may be wondering how it impacts the housing market if you’re thinking about selling my home or asking, what is my home worth. Here’s a quick breakdown of what typically happens in election years and what it means if you’re considering selling my house with a realtor in Tennessee real estate or real estate in the Upper Cumberland.

Election Years See a Temporary Slowdown
Typically, home sales experience a slight seasonal slowdown in the fall. However, election years often see a slightly bigger dip as people hit pause on major financial decisions like buying or selling my house. In fact, 23% of potential first-time homebuyers are waiting until after the election to buy, as noted in a recent Redfin survey.

Sales Bounce Back After the Election
The good news is, historically, these delayed sales rebound after the election. Home sales have increased 82% of the time in the year following an election, as buyers and sellers gain confidence to move forward. For those asking, what is my home worth, or using tools like a free home value estimator or sell my house calculator, 2025 could bring more favorable conditions as sales pick up.

What To Expect in 2025
With a projected 4.6 million homes expected to sell this year and 5.2 million next year, post-election trends point to a stronger market in 2025. If you’re planning on selling my home in 2025 or looking for Tennessee real estate agents or Cookeville TN realtors, be prepared for a likely uptick in market activity.

Bottom Line
While election years can bring temporary pauses in home sales, they tend to rebound in the year after. If you're considering selling my home in 2025, now’s a good time to connect with The Real Estate Collective to get insights into your home’s value and get ready for an active post-election market.