T
he US presidential election is just around the corner, and its outcome will have far-reaching effects on our lives, including the real estate market. In New Mexico's largest city, Albuquerque, early voting has begun, bringing with it uncertainty that's affecting the local housing market.

    According to Skip Adams, a local realtor, sales are down 8% this year compared to last year, while inventory is up by about 25%. This shift in supply and demand dynamics benefits buyers. Additionally, interest rates have been volatile and tend to decrease as election day approaches, following a pattern seen in eight out of the previous 11 presidential elections.

    Historically, once the election cycle concludes, property prices tend to rise, making it more favorable for sellers.