One nice by-product of improving inventory is more balance in the market, with buyers and sellers negotiating on a more level playing field. For a period of time, when supply was at rock-bottom lows, sellers had an unhealthy advantage in an over-heated market. If a buyer wanted to get their offer accepted, they often had to submit their offer without an inspection contingency.
We're happy to report that inspection contingencies are making a clear comeback in 2025, with a majority of accepted offers now including an inspection. According to our firm's tracking, 67 percent of July contract signings included an inspection contingency -- the highest percentage of the year.
We should see this percentage continue to grow as supply continues to improve, giving buyers a protection they deserve for such an important life event.
This article is published courtesy of:
Dan Miller, REALTOR
Mad City Dream Homes & Realty Executives Cooper Spransy
1619 Monroe Street #1, Madison, WI, 53711
