How do buyers benefit in a more balanced market? Here are 5 big reasons why many buyers will enjoy shopping for their dream home in the summer of 2022.

Five ways buyers benefit in a more balanced market 

1) More selection

The selection of available homes and condos is rising in Madison and across Dane County. If you're someone who hasn't been able to find your dream home due to a lack of supply this spring, there is some light at the end of the tunnel. You'll have many more properties to choose from if you stay engaged with your search this summer.  

2) Less competition

Fewer buyers are out searching for homes and condos right now, which means we'll experience fewer bidding wars, and generally speaking, a lot less chaos for the rest of the year.  

3) Better terms

More selection and less competition will lead to better terms for buyers, as many sellers will learn that they will need to be open to a process of give and take. This means we'll see more price reductions, more inspection contingencies, more appraisal contingencies, and more home sale contingencies in the months ahead. 

4) More time

Marketing times for many properties will increase, so buyers will feel less hurried compared to the overheated market in the spring. Now you'll have more time to tour properties, more time to ask questions, and more time to write your offer before your property goes under contract. 

5) Less stress

All-in-all buying a home this summer will involve a lot less pressure and stress, which is the way it should be when you're entering into such a significant life event. 

What questions do you have about buying a home in the summer of 2022? 

Please reach out to one of our Madison area realtors to learn how we can help you find your dream home and represent your best interests in the summer market. The market is trending in your direction and will offer you many more opportunities to choose from in the months ahead.