Hemnet on the housing market in May
- Continued short sales times
- High number of listed apartments
- Price expectations are declining somewhat from a high level
The housing market in May continues to be characterised by a high level of activity as seen throughout the year. Sales times remain at record low levels and there is a demand higher than supply, despite a large volume of listed apartments. Looking at price, the average difference between the starting price and final price is increasing. Price expectations amongst consumers are decreasing some compared to April but are still on a high level.
When comparing May statistics year-on-year it should be noted that May 2020 was unusual, with a worried and slow market clearly affected by corona and worries for potential lock downs.
- Price expectations are now declining slightly compared to last month. Maybe there may be some effect that the society starts opening up and that the mortgage repayment requirement is coming back. But it should be said that the price expectations are still on a high level and that the decline is relatively small, says Erik Holmberg market analyst at Hemnet.
To read the report in its entirety please see attached pdf document.
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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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