Rankings/Eau Claire, WI

Eau Claire, WI

NeutralTier 1CBSA 20740Compare

Risk Rank: #77 of 273Month: 2026-08Score change (12m):— -1

56score

Composite risk percentile vs 273 metros (higher = higher risk)

Executive Summary

Eau Claire's housing market shows average risk, ranking 77th of 273 metros. The market recently entered Hypersupply. Inventory levels are elevated, warranting monitoring. Inventory accumulating faster than demand — the market is shifting toward buyers.

Eau Claire experienced a market correction from late 2024 through early 2025. Elevated inventory persists, suggesting the market hasn't fully normalized.

Inventory is elevated (+16% YoY) and days on market are up -13% — supply is building but not yet at stress levels.

Rent growth is roughly keeping pace with price appreciation, suggesting valuations are not stretched.

Cycle Phase

RecoveryExpansionHypersupplyRecession

1 month in current phase

Building activity may be outpacing demand absorption

Key Dynamics

Risk is primarily driven by affordability and employment, while permit growth provides the most support.

Top Drivers

Affordabilityp82

Mortgage payment / income

Employmentp72

12-month employment change (risk inverted)

Permits per Capitap64

Permits per 1,000 residents

Market Signals

Inventory is elevated (+16% YoY) and days on market are up -13% — supply is building but not yet at stress levels.

Liquidity

Watch↑

Active Listings YoY

+15.6%p66

Days on Market YoY

-13.5%p24

Months in status1

Data through Aug 2026

Valuation

Balanced—

Rent vs. Price Growth

-1.5%p40

Months in status1

Data through Aug 2026Rent growth vs price growth (rent support). Note: Affordability and Valuation measure different structural dimensions and can diverge.

Factor Details

Lower riskHigher risk

Low RiskBelow AvgNeutralElevatedHigh Risk

Price MomentumNeutral

+2.4%p51

12-month HPI change — higher = overheating

Permit GrowthLow Risk

-21.3%p13

YoY permit change — higher = supply pressure

Permits per CapitaElevated

5.37p64

Permits per 1,000 residents — higher = overbuilding risk

AffordabilityHigh Risk

0.34p82

Mortgage payment / income — higher = more burdened

EmploymentElevated

-0.2%p72

12-month employment change (risk inverted)

MigrationNeutral

+$2Kp53

Net AGI migration (risk inverted)

National Context

Credit Conditions

Credit Regime

Stable—

Oversupply with deteriorating transactions and no credit excuse. Supply-driven correction risk is elevated.

Bank Lending Standards

+0.0Normal

Rate Change (YoY)

+11 bpsNormal

Mortgage Risk Premium

+196 bpsElevated

Stable for 10 quartersData through 2026-Q3

Supply Pipeline

Supply Regime

Accumulating—

Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.

Pipeline Ratio

0.89Elevated

Completion-Permit Divergence

-19.2 ppNormal

Accumulating for 6 quartersData through 2026-Q3

Local Signals

Metro Permit Activity

Permit Activity

Sharp Cooling

YoY Permit Growth

-21.3%Significant pullback

Raw signal — not the composite percentile

Relative to 2016–2019 norms for this metro

Sharp building pullback with softening demand. Mixed signals — builders saw weakness early, but demand hasn't fully deteriorated yet.

Employment Concentration

Employment

Moderate

Largest SectorHealth Care 19.1%

QCEW 2024 annual averages

Internal Structure

County-level structural analysis.

County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.

Score History

Month	Phase	Score	Price	Permits	Afford	Employ	Migr
2026-06	Rec	54	50	5	81	77	53
2025-12	Rec	67	85	49	81	73	53
2025-09	Rec	60	80	6	81	78	50
2025-06	Rec	59	96	6	82	56	50
2025-05	Hyp	63	97	6	82	78	50
2025-03	Hyp	53	50	6	78	71	50
2025-02	Ress	47	39	6	78	47	50
2024-12	Ress	46	21	6	78	60	50
2024-11	Hyp	40	29	6	78	15	50
2024-09	Hyp	46	32	6	77	49	50
2024-06	Ress	43	8	6	75	58	50
2024-04	Ress	44	21	6	75	51	50
2024-03	Hyp	56	76	6	79	60	50
2024-02	Exp	55	86	6	79	48	50
2023-12	Exp	56	85	6	63	68	50
2023-10	Hyp	52	75	6	63	58	50
2023-09	Exp	60	98	6	70	76	50
2023-07	Rec	53	95	6	70	36	50
2023-05	Rec	54	90	6	67	46	50
2023-02	Ress	42	51	6	59	22	50
2022-12	Exp	47	64	6	59	41	50
2022-10	Rec	44	57	6	59	30	50
2022-08	Rec	42	49	6	59	23	50
2022-07	Ress	46	43	6	59	56	50
2022-06	Exp	43	35	6	58	48	50
2022-04	Exp	50	39	6	58	87	50
2022-02	Rec	48	30	6	55	83	50
2021-12	Rec	47	41	6	74	49	47
2021-11	Exp	49	37	6	74	66	47
2021-09	Exp	52	53	6	77	66	47
2021-06	Exp	48	55	6	77	42	47
2021-05	Rec	48	59	6	77	36	47
2021-03	Rec	46	35	6	76	51	47
2021-02	Exp	44	34	6	76	37	47
2020-12	Exp	52	68	6	62	61	51
2020-11	Rec	51	69	6	62	56	51
2020-09	Rec	46	60	6	61	34	51
2020-06	Exp	42	22	6	61	51	51
2020-04	Exp	46	27	6	61	66	51
2020-03	Rec	44	42	6	61	42	51
2020-01	Rec	51	52	6	61	71	51
2019-12	Exp	49	38	6	59	69	57
2019-10	Exp	50	46	6	59	68	57
2019-07	Exp	54	61	6	62	78	57
2019-06	Rec	55	60	6	61	85	57
2019-04	Rec	53	60	6	61	69	57
2019-03	Exp	56	62	6	59	88	57
2019-01	Exp	56	71	6	59	81	57

Data Vintages

Price (HPI)2026-Q2

Permits2026-08

Income2024

Employment2026-08

Migration2023