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January Home Sales Moderate as Inventory Problems Persist

Posted: 02.25.19

Eau Claire, WI- January 2018 was a record month for existing home sales in Wisconsin, and with inventories remaining tight, the Wisconsin REALTORS® Association was unsurprised to see a decrease in sales for January 2019 compared to last year, statewide.
 
“Our region saw similar trends in January as the rest of the state, low inventories leading to fewer sales than last year, but it is important to keep perspective, as last January was the strongest January in recent years,” said REALTORS® Association of Northwest Wisconsin Executive Vice President Brenda Barnhardt.
 
Even with the tight inventories, Eau Claire County saw a 6.6% increase in sales in January compared to 2018, and Chippewa County saw an 11.8% increase.
 
The high demand and low inventory levels continued to favor a seller’s market. Seller’s experienced their home being on the market an average of 21 fewer days in January 2019 compared to 2018 in our region. 
 
“As quickly as houses continue to sell, it is important whether you are considering buying or selling to team up with an experienced REALTOR® to find your next home that is perfect 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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