Numbers Show Strong First Quarter for Housing Market Pre-coronavirus

Posted: 04.27.20

The Wisconsin existing housing market was on solid ground for the first quarter of 2020 with all indicators pointing towards strong sales in the spring and summer.  
March home sales state wide were up 7.9% and year-to-date home sales in Chippewa County were up 34.8% compared to the same time-frame in 2019, and sales in Buffalo County were up 66.7%.  Nearly all homes that closed in March had signed contracts four to six weeks earlier, prior to the pandemic placing a foothold in the U.S.
“The first quarter of 2020 started strong with all indicators pointing towards a solid spring and summer sale season.  However with the “Safer at Home” Executive order we are beginning to see a slowdown indicating the unease of many buyers and sellers at this time of uncertainty.” said RANWW Executive Vice President Brenda Barnhardt.
While “Safer at Home” may be keeping buyers from viewing homes in person REALTORS® have been able to pivot and make homes available for viewing virtually.  
“Our industry has done a great job in utilizing technology to make homes available to buyers while following all the “Safer as Home” guidelines.  It is our priority to keep everyone safe during these unprecedented times while making sure the dream of Home Ownership remains available for all.” said Gary Brenizer, 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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