Swedish Housing Market Sees First Decrease in Supply After Four-Year Rise
The Swedish housing market reports a 1% decrease in single-family home listings, breaking a four-year trend of rising supply.
- • The supply of single-family homes in Sweden has decreased by 1% compared to last year.
- • This change marks the first decline in listings after over 200 weeks of continuous growth.
- • Buyers had enjoyed more options due to high supply, but selling times have increased.
- • The trend's break could signal a shift in the market dynamics affecting buyers and sellers.
Key details
The Swedish housing market is experiencing a notable shift as the long-standing trend of increasing listings for single-family homes has been broken. For over 200 consecutive weeks, the number of homes available for sale had been rising year-over-year, offering buyers a historically high supply, though also leading to extended sales periods. However, according to recent reports, there were 23,755 single-family homes listed for sale in week 34 of this year, representing a 1% decrease compared to the same week last year. This decline marks the first reduction in listings after nearly four years of continuous growth and could signify a change in market dynamics, potentially impacting buyers and sellers alike.