August 2024 Home Sales Press Release
Posted: 09.27.24
*****News Release*****
Northwestern Wisconsin Real Estate Market Sees Opportunities and Growth in August 2024
Eau Claire, WI – September 2024 – The REALTORS® Association of Northwestern Wisconsin is please to share the WRA August 2024 Real Estate Report highlights, which indicates continued opportunities for growth and success in the Wisconsin real estate market for both buyers and sellers.
Key Highlights for Northwestern Wisconsin:
- Significant Increase in Median Home Prices: The Northwestern Wisconsin region experienced a notable rise in median home prices, aligning with the statewide This increase reflects the strong demand for homes in the area, providing sellers with excellent opportunities to maximize their returns.
- Active Market Conditions: While the state saw a slight year-over-year dip in sales, Northwestern Wisconsin continues to demonstrate resilience, with buyers eager to find their perfect REALTORS® are finding this an ideal time to connect clients with properties that meet their needs.
- Tighter Inventory Creates Opportunity: The competitive market in Northwestern Wisconsin has led to increased demand, with inventory remaining This creates a prime environment for sellers and provides REALTORS® with more opportunities to assist clients in making swift, successful transactions.
- Favorable Mortgage Rates Support Buyer Activity: The average 30-year fixed-rate mortgage fell to 6.5% in August 2024, compared to 7.07% a year earlier, making home financing more This favorable rate environment encourages more buyers to enter the market, ensuring continued momentum in Northwestern Wisconsin.
- The Northwestern Wisconsin real estate market, including areas such as Ashland,
Regional Success Stories:
Barron, Bayfield, Burnett, and Douglas counties, has seen impressive growth. These
areas offer a mix of properties that appeal to various buyers, from first-time homeowners to those looking for vacation properties.
Todd Schwartz, RANWW President, commented, "It's exciting to see how our region continues to thrive and adapt in this dynamic market. The August report demonstrates that buyers are actively seeking opportunities in Northwestern Wisconsin, and REALTORS® are here to help them navigate this journey. The strong demand and favorable conditions make it an excellent time for both buyers and sellers to engage with the market."
If you’d like local commentary on these statistics, or the housing market in general, local
real estate professionals are available for interview. Please reach out:
Media Contact:
Brenda Barnhardt Kristyn Kersten
(715) 835-0923 (715) 835-0923
brenda@RANWW.org kristyn@RANWW.org
The REALTORS® Association of Northwestern Wisconsin is the professional trade association that all the 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 foundation to help homeowners in need, and remains a positive force for the members they serve. For more information on the REALTORS® Association of Northwestern Wisconsin, visit www.ranww.org
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