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  • 1315 Even With High Prices And Low Inventory Eau Claires Housing Market Is Still Affordable For Home Buyers

Even With High Prices and Low Inventory, Eau Claire's Housing Market is Still Affordable For Home Buyers

Posted: 10.21.21

Eau Claire, WI - Tight inventories and high median home prices are causing lower home sales across the state in September according to the Wisconsin REALTORS® Association. Following suit, Chippewa County saw a 27.7% decrease in home sales in September, and Eau Claire County saw a decrease in home sales by 12.3% compared to last September.

Along with the rest of the state, Eau Claire County saw an increase of 10.2% in home prices, up to a median of $258,950 compared to last September. Conversely, Chippewa County saw a decrease of .04% in median home prices at $228,000 compared to last year.

"With low inventory and high demand, we are in a strong seller's market. However, the mortage rates are keeping Wisconsin housing realtively affordable for buyers," said REALTORS® Association of Northwestern Wisconsin Executive Vice President Brenda Barnhardt.

Mortgage rates have remained stable all year with rates under 3% for the fifth straight month.

"With Eau Claire and Chippewa County inventories at just 3.4 months, we suggest working with a REALTOR® to help you find the best fit for you in this fast-paced market" said Scott Rohde, 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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