Large selection expected on the housing market this autumn

In August, the housing market usually takes off. And the supply looks like it will be substantial – paired with a large and pent-up need to move. We will have a continued stable small price increase, according to Hans Flink at Svensk Mäklarstatistik.

» Updated: September 10 2024

» Published: August 04 2024

Large selection expected on the housing market this autumn
Photo: Janerik Henriksson/TT

During the first six months of the year, there have been small but clear price increases on housing. This is also expected in the autumn, according to Hans Flink.

The likely scenario is that we will have a continued stable small price increase. You can expect that there will be months where prices stand completely still. It's not unusual to see price increases in steps.

The Swedish Central Bank has signaled that there may be three more interest rate cuts this year.

If that doesn't happen, it will be a cold shower for many, says Flink.

A missed interest rate cut seems unrealistic to Flink, but three cuts could become two. However, it won't dramatically affect prices, he believes.

Since last year, housing sales have taken off.

What's most notable and probably also sustainable is that the number of sold housing units has increased significantly since last year's low level. We're back to a more normal, perhaps healthy, level when it comes to the number of sold housing units.

Pent-up Demand

In the spring, there has been a large supply of housing, and it's expected to continue. Changes in family, job, or education situations make many people enter the housing market.

At the same time, there's a large pent-up need to move. Those who didn't move last year, their need is still there. For some reason, they didn't make a move, they were uncertain about inflation, about interest rates. Now they know much more and maybe make a move, says Flink.

The housing market's supply should be seen in two parts, according to Erik Wikander, vice CEO of Svensk Fastighetsförmedling. What's come out this year and is priced according to the current market situation, and the older supply from previous years' record levels.

What's being put on the market now has a fairly high normality, and we see that the average sales times have decreased quite significantly during the first half of the year, he says.

The Supply is Growing

The reason why housing units haven't been sold may partly be due to too high price expectations, and partly that sellers haven't been active to get their sale through.

Johan Nordenfelt, information manager at Erik Olsson Fastighetsförmedling, believes that the supply after the summer will be large.

Initially, the supply will grow much more than demand.

Nordenfelt emphasizes that housing prices are already high, both historically and in terms of living costs. There won't be particularly large price increases going forward, he believes.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Colombia Set to Acquire Swedish
1 MIN READ

Colombia Set to Acquire Swedish Jas Gripen Fighter Jets

Genre image
1 MIN READ

Asian Markets Tumble After US Tariff Announcement

World Leaders Urge US to
2 MIN READ

World Leaders Urge US to Rethink Tariffs to Avoid Trade Conflict

Trump's Tariffs Higher Than Expected,
2 MIN READ

Trump's Tariffs Higher Than Expected, Experts Warn of Lingering Uncertainty

Sweden Ready to Tackle Trump's
2 MIN READ

Sweden Ready to Tackle Trump's EU Tariffs, Says PM Kristersson

Trump's Tariffs Spark Global Economic
2 MIN READ

Trump's Tariffs Spark Global Economic Uncertainty, Experts Warn

Trump Announces 20 Percent Tariffs
3 MIN READ

Trump Announces 20 Percent Tariffs on EU Goods

APM Terminals Acquires Key Railway
1 MIN READ

APM Terminals Acquires Key Railway by Panama Canal

Volvo CEO Calls Trump's Tariffs
2 MIN READ

Volvo CEO Calls Trump's Tariffs a Messy Challenge for Swedish Industry

Amazon and AppLovin Eye TikTok's
2 MIN READ

Amazon and AppLovin Eye TikTok's US Operations for Acquisition

Wall Street Gains as Investors
2 MIN READ

Wall Street Gains as Investors Await Trump's Tariff Announcement

Tesla Sales Plummet in Q1,
1 MIN READ

Tesla Sales Plummet in Q1, Miss Analyst Expectations by Wide Margin

US Private Sector Adds 155,000
1 MIN READ

US Private Sector Adds 155,000 Jobs in March, Surpassing Expectations

China Limits US Investments as
1 MIN READ

China Limits US Investments as Trade Tensions Rise

Ben & Jerry's Co-Founder Seeks
2 MIN READ

Ben & Jerry's Co-Founder Seeks to Reclaim Brand from Unilever

Nintendo Switch 2 Launches June
1 MIN READ

Nintendo Switch 2 Launches June 5 with New Games and Features

Northvolt Labs in Västerås to
1 MIN READ

Northvolt Labs in Västerås to Lay Off 550 Employees

FI Warns of Rising Fees
2 MIN READ

FI Warns of Rising Fees for Housing Associations as Costs Climb

Volvo Cars Sees 10 Percent
1 MIN READ

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Stockholm Stocks Slide as Tariff
2 MIN READ

Stockholm Stocks Slide as Tariff Concerns Hit Major Companies

Genre image
1 MIN READ

Systemair CEO Roland Kasper Steps Down After a Decade

Dustin Announces Billion-Kronor Boost as
1 MIN READ

Dustin Announces Billion-Kronor Boost as Shares Drop 7 Percent

Folksam Divests Tesla Shares Over
2 MIN READ

Folksam Divests Tesla Shares Over Swedish Labor Dispute

Trump Set to Announce New
2 MIN READ

Trump Set to Announce New Tariffs as Global Markets Brace

Stockholm Stock Exchange Faces Decline
1 MIN READ

Stockholm Stock Exchange Faces Decline as Futures Point Downward

Trump's Tariffs Predicted to Slow
1 MIN READ

Trump's Tariffs Predicted to Slow Global Economy Growth

Construction Sector Sees Modest Growth
1 MIN READ

Construction Sector Sees Modest Growth with Housing and Government Boost

Asian Markets Show Mixed Reactions
1 MIN READ

Asian Markets Show Mixed Reactions Ahead of Trump's Tariff News

Sweden's Housing Market Faces Uncertainty
2 MIN READ

Sweden's Housing Market Faces Uncertainty as Interest Rate Fears Loom

Motorhome Registrations Surge 59 Percent
1 MIN READ

Motorhome Registrations Surge 59 Percent in 2025

Wall Street Closes Mostly Up
1 MIN READ

Wall Street Closes Mostly Up After Volatile Day

Swedish Paper Industry Secures Two-Year
1 MIN READ

Swedish Paper Industry Secures Two-Year Wage Agreement

Trump's New Tariffs on Imports
1 MIN READ

Trump's New Tariffs on Imports Set to Take Effect Today

Sweden to Acquire C-390 Transport
1 MIN READ

Sweden to Acquire C-390 Transport Aircraft in Joint Deal with EU Partners

Finland Shuts Down Last Coal
1 MIN READ

Finland Shuts Down Last Coal Plant, Slashing Emissions by 50 Percent

Volvo and Major Automakers Fined
1 MIN READ

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

Ericsson Drops Diversity Language from
2 MIN READ

Ericsson Drops Diversity Language from Annual Report After US Pressure

Saab and H&M Lead Gains
2 MIN READ

Saab and H&M Lead Gains as Stockholm Stocks Rebound

Gunvor Faces 42 Percent Profit
1 MIN READ

Gunvor Faces 42 Percent Profit Drop in 2024 Despite Revenue Boost

Hooters Files for Bankruptcy, Plans
1 MIN READ

Hooters Files for Bankruptcy, Plans to Sell Company-Owned Locations