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February Sales and Home Prices Increase as Inventories Remain Tight

Posted: 03.19.19

Eau Claire, WI- Despite a cold, snowy winter and escalating prices, home sales in Wisconsin were up in February, according to the most recent analysis of the state housing market by Wisconsin REALTORS® Association. Statewide, February home sales set a new record high. 
 
“Our region saw similar trends as the rest of the state this February with an increase in home sales and homes selling quickly,” said REALTORS® Association of Northwest Wisconsin Executive Vice President Brenda Barnhardt.
 
Statewide, home sales increased 1.2% from February 2019 compared to February 2018. In the western region, Menomonie experienced an increase in home sales of 66.7% and Eau Claire experienced an increase of 25.4% in February 2019 compared to February 2018. 
The high demand and low inventory levels continued to favor a seller’s market. Sellers experienced their home being on the market an average 9.4% fewer days in January 2019 compared to 2018 in our region. 
 
“As spring approaches and the market continues to heat up, 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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