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Tuesday, August 16, 2016

The Impact of the Election on the Jacksonville Market

I’ve been hearing a lot of talk about how the upcoming election is affecting our current real estate market. Many agents are saying that the election prevents some buyers and sellers from entering the market because they are waiting to see who will be in the White House this fall.

Here in our local market, though, the election is not affecting anything. All that talk about the election might just be an excuse some agents have for why a home hasn’t sold yet because if you look at the market numbers, things have not slowed down yet.

The election certainly isn’t holding home sales back; in fact, they have gone up. So far this year, 13,700 homes have sold. That number is up almost 5% from the same period last year.

The median sales price has also gone up 7% year over year. On a local level, I don’t see any impact from the election. If anything, the market has actually gotten stronger. I don’t see anything holding us back as we get closer and closer to this election.
Home sales and home prices are both up year over year!
If you have any questions, give me a call or send me an email. I would be happy to help you!

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