A new report gives insight to housing trends in Eau Claire County

EAU CLAIRE, Wis. (WEAU) – A brand new report from the Wisconsin Realtors Affiliation reveals a rise of housing prices with decrease stock on houses, however in Eau Claire County the pattern is completely different.

“In Eau Claire County the median residence value truly decreased by 3.1% in comparison with final yr,” mentioned Julie Fox, who’s the president of Six Lakes Realty and is a part of the Realtors Affiliation of Northwestern Wisconsin.

She mentioned between that and the low stock it might be laborious to purchase a house in Eau Claire County.

Nonetheless she mentioned it’s higher than the choice.

“Renting costs have gone up considerably,” mentioned Flor.

Employees at The Chippewa Valley Residence Builders Affiliation have additionally seen one other pattern in Eau Claire County.

“What we’re seeing is that after COVID lots of people are leaving the bigger cities and coming to communities like Eau Claire the place there’s rather a lot unbelievable alternatives, issues to do,” mentioned Christina Thrun, who’s a supervisor on the affiliation.

She mentioned the pressure from the pandemic on getting sources to construct extra houses is one thing that shouldn’t be an issue.

“Provide chains are enhancing. There are undoubtedly nonetheless some objects that will have longer delays or more durable to get,” mentioned Thrun.

Based on her, the affiliation is counting on pending studies from The Metropolis of Eau Claire, The Metropolis of Altoona and Eau Claire County to assist get a grasp on how a lot housing is required.

“The early outcomes are undoubtedly displaying that there’s a necessity for housing. We’ve rather a lot from our sub-contractors that they’ve acquired multi-family tasks booked out for even a few years,” mentioned Thrun.

Flor mentioned these within the place to promote their houses, ought to.

“I believe if I had an additional property proper now that I wished to get of my palms, I’d listing it now,” mentioned Flor.

She provided the following tips if you’re seeking to promote.

“For those who get numerous showings, it’s most likely priced proper. For those who get numerous affords its most likely priced proper. Conversely, if you happen to listing it and there’s not numerous showings that tells you immediately its overestimated,” mentioned Flor.

Or if you’re seeking to purchase a home.

“I’d recommend for folks to listing out the entire issues they’re in search of of their residence shopping for expertise,” mentioned Flor.

She mentioned one other pattern being reported is the variety of years folks holding on their houses goes up.

The Wisconsin Realtors Affiliation additionally studies that the common variety of days a home in Western Wisconsin stays in the marketplace has gone up from 78 days to 98 days.

In Eau Claire County, that numbers has remained at a flat common of 93 days.

You’ll be able to take a look at the total Wisconsin Realtors Affiliation report proper right here.

The press launch from the Realtors Affiliation of Northwestern Wisconsin could be discovered right here.

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