Hemnet on the housing market in July

• Increasing number of buyers expect falling property prices

• Unusually high influx of homes for sale in July

• Record activity on the house market for a month of July

The housing market in July was unusually active for a summer month. More houses were both listed and sold than in any previous month of July for as long as Hemnet has had a continuous data. Activity in the apartment market was also high compared to the usual July pattern, albeit slightly lower than in July 2020.

In Hemnet’s Buyers’ Barometer, price expectations fell for the third month in a row. The share of buyers expecting prices to fall was 22 percent in August, an increase of 7 percentage points since July. Overall, price expectations are now at their lowest level in a year. At the same time, the propensity to buy increased, with 41percent saying they plan to buy a home in the next six months.

July is a special month in the housing market in that there is a different mix of homes sold than during most other months. Fewer homes are sold in urban areas, which affects both average prices and sales times, which should be taken into account when interpreting the figures.

- Similar to last year, the summer of 2021 is characterised by an unusually high level of activity, this year particularly on the house market. Both the number of listed and sold houses is at a record high for a month of July and the high activity is also visible for apartments, although not at the same levels as in the summer of 2020, says Erik Holmberg Market Analyst at Hemnet.

To read the report in its entirety please see attached pdf document.

*****************************************

Notes to editors 

Press enquiries
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: staffan.tell@hemnet.se

Erik Holmberg, Market Analyst
M: +46 72 558 80 50
E: erik.holmberg@hemnet.se


IR enquiries
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
E: cj.akesson@hemnet.se

Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: nick.lundvall@hemnet.se


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’). 

Follow us: hemnetgroup.com/ Facebook / Twitter / LinkedIn/ Instagram