Hemnet on the housing market in October
- Fewer buyers believe in rising property prices
- Lower apartment supply than in October 2020
- Somewhat longer sales times compared to last spring
Housing market activity remained high in October. There has been a high number of property sales compared to previous years, although this is now seasonally slowing down in the autumn.
The share of buyers expecting prices to rise over the next six months fell by 3 percentage points in November’s survey, from 38 percent to 35 percent, compared with the corresponding figure for October. At the same time, the share of people who say they plan to buy a home remained at a lower level than during the pandemic. Of the visitors surveyed, 39 percent were planning to buy in the next six months.
In the apartment market, both the supply and the number of properties listed decreased year-on-year, by 2 and 3 percent respectively. The decrease was most noticeable in Stockholm County, where the number of property listings fell by 13 percent compared with October 2020.
In the holiday home market, it is now clear that the high demand we have seen over the past year is starting to wane. The average sale of a holiday home took 3 days longer in October and prices went up on average 4 percent points less than the corresponding month last year.
- A little over a month has passed since the pandemic restrictions were lifted and we are now out of the period where the market was largely affected by the pandemic. Some signs of subdued demand can now also be seen in both the holiday home and house markets, which have been most affected by the pandemic. However, there is no dramatic decline, but rather a sideways development where the focus on the home has decreased somewhat and thus also to some extent the demand for housing, 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
Press enquiries
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: staffan.tell@hemnet.se
Erik Holmberg, Market Analyst
M: +46 725 58 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: +46 761 45 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’).
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