Eau Claire (WQOW) - Housing sales are up across the state, but not in Eau Claire County. A big reason: the area hit a new low for the number of houses on the market.
According to the Wisconsin Realtors Association, the local housing inventory dropped 14 percent since January of 2019. However, more than 300 more homes were sold this January compared to last.
The executive officer of the Chippewa Valley Home Builders Association, Christina Thrun, said the low inventory is the result of area realtors and builders trying to keep up with demand.
She said during the 2008 recession, home building was at a standstill. As the economy grows, so does the need for new housing.
"Because we're seeing a strong economy, low unemployment rates the demand for housing is going up again," said Thrun. "People are wanting to move, they're wanting to stop renting and they want to buy. But we're not seeing enough of the inventory in the marketplace because the building did not keep up during that long recession."
Thrun added that despite the low inventory, home builders have been busier than ever with many companies having more than a year-long wait list.