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Home Sales Experience a Slow Down in May

Posted: 06.23.20

 Due to COVID-19, Wisconsin home sales slowed in May compared to earlier months of the year.
“REALTORS® in our area are closely following the CDC guidelines while still working with buyers and sellers to make this the best selling season as possible,” said RANWW Executive Vice President Brenda Barnhardt.
According to the Wisconsin REALTORS® Association, year-to-date existing home sales were down 5.5% compared to the first 5 months of 2019. Home prices are still rising, as inventories continue to tighten across the state, but mortgage rates remain low; this means affordability has barely changed during the pandemic.
Locally, year-to-date sales in Eau Claire County fell 18.5% compared to the same period in 2019, but increased 15.4% in Chippewa County and increased 7.4% in Dunn County.
“With the state beginning to open, our REALTORS® are ready to work with families in Northwestern Wisconsin with their buying and selling needs,” 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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