Is the Presidential Election Causing a Slow Fall Lincoln Real Estate Market?
So much to parse in the data set we pulled from MLS sales data here! This data is broken into market seasons: Single family homes in Lincoln listed either between December 1 and May 31 (Spring) and June 1- November 30 (Fall). This enables us to look at trends over time, as well as the detail hiding in the spring vs. fall markets. In this blog series, we’ll look at four aspects of this data, the first was the question that caused us to pull this data in the first place.
We were interested to see whether a Presidential election seemed to have a big impact on market indicators. Things have been very quiet this season, with lingering listings and few buyers around. Maybe it’s because of the election? Election years are noted in red, and it would appear that there isn’t that much variation in between the election fall and the spring seasons on either side. It doesn’t look like national elections have had much impact on the Lincoln real estate market over the last three presidential elections.
So maybe this election is so destabilizing that it is effecting the market, or maybe there’s something else afoot? Other market indicators show positive trends, but more on that later!
|Season||Average Days to Offer||# of Houses listed||Average Sale Price||List to sale ratio||Square Feet|