EAU CLAIRE (WQOW)- Despite the pandemic taking its toll on multiple industries, home sales reached record highs across Wisconsin, but not in Eau Claire County.
Statewide home sales rose 7.3% last year compared to 2019, and last month's sales were up 22.5% from December 2019. Sales rose in all but eight Wisconsin counties. 1,527 homes were sold in Eau Claire County in 2020, which was one home less than the previous year.
Realtors say a combination of higher prices and the lack of available homes in the county kept local sale numbers from rising.
"With inventory so low, sometimes people want to sell their home but they're afraid to put their house on the market because it could sell very quickly, and then they may not find the home that they want to move into," said Deb Hanson, president of the REALTORS Association of Northwestern Wisconsin.
Hanson says median home prices rose 18.8% in Eau Claire County, and a whopping 52% in Chippewa County, in part due to falling interest rates during the pandemic. Despite that, she expects local sales to be strong in 2021 as more homes are built and more sellers enter the market.