Sweden's Housing Market Sees Regional Shifts and Seller Caution in November 2025

In November 2025, Sweden's housing market showed signs of stability mixed with regional price variations and cautious seller sentiment. Overall, prices remained largely unchanged, with condominiums nationwide increasing slightly by 0.1% and single-family homes declining by 0.8%, according to Svensk Mäklarstatistik data.

Regionally, Greater Stockholm experienced a notable increase in condominium prices, rising 6.4% over the past three months, highlighting a strong market fueled by low housing supply. In contrast, Greater Gothenburg and Greater Malmö saw declines in condominium prices by 1.7% and 4.4% respectively during the same period. On a yearly basis, condominium prices decreased marginally by 0.3%, while single-family home prices edged up by 0.2%. Specific metropolitan trends included a 0.7% price rise in Stockholm and a 1.2% price drop in Malmö.

The single-family home market presented a mixed picture with a 1.6% price drop over three months except for Stockholm, which showed increasing prices. The sale of single-family homes has risen by 6% from January to November compared to the previous year, whereas condominium sales declined slightly.

The market's low housing stock, especially pronounced in Stockholm where nearly half of all condominium sales occur, has intensified buyers’ purchasing power. Pia-Lotta Svensson of Fastighetsbyrån Södermalm attributed this to a supply shortage since early October, increasing demand.

Despite these dynamics, seller sentiment remains cautious. Erik Wikander, CEO of Svensk Fastighetsförmedling, highlighted a decrease in transactions compared to last year despite lower interest rates and a somewhat brighter economic outlook. Many sellers are reluctant to enter the market, hoping for price increases that may not materialize soon. Johan Nordenfelt from Erik Olsson Fastighetsförmedling observed a rising “fear index” among sellers, with nearly two-thirds preferring to sell before buying to reduce financial risk.

Looking ahead, industry experts like Oskar Öholm, CEO of Mäklarsamfundet, are optimistic about a potential price increase next year, signaling a possible recovery in Sweden’s housing market after recent downturns. However, the prevailing market caution suggests a gradual rather than immediate rebound.