Hemnet on the housing market in August
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Lower propensity to buy when the pandemic effect wears off
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Supply held down by short sales times
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Continued high sales volumes in the apartment market
The apartment market in August was largely reminiscent of last spring, with high sales volumes and short sales times. In the house market, however, there are signs of a slight slowdown with less intensity compared to before the summer. Sales times in the house market are now somewhat longer and biddings are not driving up prices as much as before the summer.
Price expectations among buyers in September’s survey showed relatively little change compared to the previous month, but with some increased belief in stagnant prices. We are also not seeing the same high buying intention in the market as was the case in the autumn of 2020. This is probably a result of a reduced focus on housing as the impact of the pandemic on society has since diminished with more people vaccinated and more going back to work.
- During the early autumn, the apartment market has continued to be characterised by high activity with many sales. A similar pattern to that seen during most of the pandemic. There is a lot of property being listed and although demand seems to have decreased slightly, it remains at a high level in general, which is a prerequisite for these high sales volumes, says Erik Holmberg Market Analyst at Hemnet.
To read the report in its entirety please see attached pdf document.
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Notes to editors
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About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet’s is listed on Nasdaq Stockholm (‘HEM’).
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