More Homes on the Market in July Leads to More Balanced Market

Posted: 08.19.19

Over the last several months, the housing market has been a strong seller's market. July may signal a shift in the housing market as new listings in 2019 were up 1.7% compared to July of 2018, statewide. 

“Mortgage rates are at an all-time low, homes are selling quickly, and now we are seeing more homes on the market this month, which makes it a better market for both buyers and sellers,” said REALTORS® Association of Northwest Wisconsin Executive Vice President Brenda Barnhardt.

Looking at July home sales, regionally, Buffalo County has seen an increase in sales as much as 46.2% in July of 2019 compared to July of 2018. Chippewa County has seen an increase in sales as much as 19.3% and also is just above the state average inventory increase sitting at 1.8% in July of 2019 compared to July of 2018.

“Now is the time to meet with a licensed REALTOR®to take advantage of the low mortgage rates and navigate the market to find the perfect home for your family,” added Stacey McKinney, RANWW board president.

The REALTORS® Association of Northwestern Wisconsin is the professional trade association that all professional REALTORS® residing within the association jurisdiction belong to. The association 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.

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