Hemnet’s Year in Review 2023: Record Supply, Strengthened Price Expectations and Hesitation Defined the Housing Market
In 2023, ongoing uncertainty regarding interest rate developments led many buyers and sellers to adopt a more cautious approach in the real estate market. The number of published property listings and completed sales decreased, while the time properties spent on the market increased. However, housing price expectations have significantly strengthened throughout the year,, and the price trend has remained stable. In November, the Riksbank kept the policy rate unchanged for the first time since May 2022 when it began raising rates rapidly. Several experts have indicated the possibility of