Home sales up in Eau Claire despite dips nationally as Seen in WQOW

Posted: 12.5.18

Eau Claire (WQOW) – The Eau Claire housing market is doing well right now, while the rest of the nation sees a dip, according to local realtors.

Experts have said the national trends are caused by mortgage rates that have gone up all over the country, which is likely steering away potential homeowners.

In October of 2017, 108 homes were sold in Eau Claire as compared to 129 homes sold this year. Staff at the Realtors Association of Northwestern Wisconsin said there are a couple of reasons why the Eau Claire housing market is doing well.

One reason is that the Midwest tends to be a little further behind the national trend. Secondly, there is a higher inventory of homes being sold here.

“So you’ve got the people moving up into the new homes and then that, of course, opens up their homes for previously owned homes as well, so we have a little bit of both going on, but construction industry is going on pretty strong,” said Brenda Barnhardt, Executive VP of the Realtors Association of Northwestern WI.

The median price of homes in Eau Claire last year was $174,000. This year’s prices went up 3.5 percent, with homes selling for $179,000.

Barnhardt adds that the Eau Claire housing market isn’t completely immune to the rest of the nation and it could change anytime.

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RANWW provides educational opportunities for its members, is active in local, state and national advocacy efforts, engages in community outreach through charitable giving, operates its own private foundation to help homeowners in need and remains a positive force for the members they serve. Visit www.ranww.org for information.

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