Why does this happen? Election-related uncertainty. Many people feel uncertain about the future during an election, and as a result, some buyers and sellers choose to wait until they have a clearer picture. This year is no exception: a recent survey from Redfin shows that 23% of potential first-time homebuyers are waiting until after the election to buy.

Home Sales Bounce Back After the Election

The good news? History shows that these delayed transactions aren’t lost—they’re just postponed. In fact, in 82% of election years, home sales increase in the year following a Presidential election. Once the election is over, buyers and sellers generally feel more confident moving forward, resulting in a surge in home sales.

What This Means for 2025

If the past is any indication, we can expect a post-election rebound in the housing market. Forecasts are already pointing to an increase, with the housing market projected to sell 4.6 million homes by the end of this year, and 5.2 million sales forecasted for 2025.

So, while it might feel like the market is slowing down, this is likely a temporary dip rather than a long-term trend. As uncertainty fades after the election, we expect more buyers and sellers to re-enter the market, following a pattern that’s held up through previous election cycles.

Bottom Line

Election years often bring a short-term slowdown in the housing market, but this pause is usually temporary. Data shows that home sales typically increase in the year after a Presidential election, and current forecasts suggest 2025 will be no different. If you’re waiting for a clearer picture before making a move, rest assured that the market is expected to pick up again in the months following the election.

Let’s connect if you’d like to discuss how to best position yourself in Sarasota’s evolving market.