Sweden’s housing market shows signs of a turning point as the supply of detached houses declines for the first time in four years, according to property platform Hemnet.
For 48 consecutive months, the number of houses for sale had increased year-on-year, creating a market with record-high supply and historically long selling times. In August, however, the number of houses on the market fell by 2 percent compared to the same month last year, to 27,696 listings.
Hemnet attributes the decline to exceptionally high sales volumes in recent months, which have absorbed excess supply. “After four years of steadily rising house listings, the trend has now been broken,” said Erik Holmberg, market analyst at Hemnet. “Activity in the market remains strong, and sellers are gradually gaining a better position as competition decreases.”
By contrast, the apartment market continues to move in the opposite direction. In August, there were 39,995 apartments for sale across the country, an 11 percent increase from a year earlier. While the house market is now showing signs of tightening, the apartment market remains characterised by growing supply and longer selling times.
Source: Hemnet, “Trenden bruten på husmarknaden – utbudet minskar”, September 2025.
