The prices of apartments increased by 0.3 percent in November compared to the previous month. Over a year, this means an increase of just over five percent on average, according to Svensk Mäklarstatistik.
The number of transactions has clearly increased this year. The Swedish Central Bank's interest rate cuts have led to a thaw on the housing market. However, the supply is still high and the bid levels are not rising significantly above the starting price, according to Oskar Öholm.
"Fairly satisfied"
This suggests that the market has found some sort of equilibrium where both buyers and sellers are fairly satisfied nowadays, he says.
However, despite the price increases, the general price level – inflation – has also risen. So, in real terms, the price of an apartment is currently at the 2016 level on average. From this perspective, there are some indications that apartment prices may rise further, especially when interest rates are expected to fall further next year.
But no one believes in any record price increases in the near future, says Öholm.
Slower on the villa market
Villa prices, on the other hand, have had a slower autumn. The decline continued in November. Over three months, it's minus two percent.
It seems to be mainly villa prices outside metropolitan areas that have fallen, says Öholm.
Why is that?
Hard to know exactly, according to Öholm.
We'll have to see where this takes us, if it becomes a bigger difference between metropolitan areas and outside.
Over a year, the increase is still almost as large as for apartments.
