By all measures we are going through a busy period right now, whether it will continue or not remains to be seen. Well presented and properly priced homes are selling in days, often with multiple offers. Some of these may not be over list price, so don't get carried away, just price appropriately and make plans for your move.
Rates continue to be favorable and prices are seeing stabilization in many areas and even some modest increases. Again, this may not last, so tread carefully. If you are buying, you can't expect huge discounts on well priced homes. If you are selling, you still need to price to the market and be grateful for solid offers.
Election years tend to be volatile as moods and polls change. If you are thinking about getting into the market on either side, just be prepared as things can change quickly. Best of luck.