Hemnet's Year in Review 2024: Increased Activity and Strengthened Price Expectations Defined the Housing Market
17 December 2024
In 2024, the policy rate was lowered four times so far, from 4 percent in May to 2.75 percent in November. These rate cuts—both realized and anticipated—had a significant impact on the housing market. In January, 28 percent of homebuyers believed prices would rise over the next six months. By December, that figure had surged to a record-high 54 percent. A total of 6 percent more homes were listed for sale compared to the previous year, and the number of completed sales increased by 16 percent. However, the time to sell remained relatively long compared to previous years, and the housing supply reached record levels.
In 2024, the policy rate was lowered four times so far, from 4 percent in May to 2.75 percent in November. These rate cuts—both realized and anticipated—had a significant impact on the housing market. In January, 28 percent of homebuyers believed prices would rise over the next six months. By December, that figure had surged to a record-high 54 percent. A total of 6 percent more homes were listed for sale compared to the previous year, and the number of completed sales increased by 16 percent. However, the time to sell remained relatively long compared to previous years, and the housing supply reached record levels.
"The year 2024 was marked by a cautious recovery in the housing market, but with significant variations. The secondary market performed relatively strongly, while new construction continued to face considerable challenges. In the apartment market, we see clear price increases in major cities, while the recovery in other parts of the country is progressing more slowly. The single-family home market stands out with a record number of sales, while activity in the apartment market has remained relatively low from a historical perspective," says Erik Holmberg, market analyst at Hemnet.
Record Supply and Increased Sales
In November, there were 69,529 homes for sale in Sweden—17 percent more than the same month last year and the highest level recorded since Hemnet began tracking data. This high supply is primarily due to homes staying on the market longer. On average, it took 28 days to sell a property in 2024, compared to 25 days in 2021, when the market was at its peak.
At the same time, both the number of homes sold and price levels increased. In 2024, 159,035 homes were sold, marking a 16 percent rise compared to the previous year. Apartment prices increased by 4 percent year-over-year, while single-family home prices also rose by 4 percent.
"In 2023, there was a tug-of-war between buyers and sellers—buyers often wanted steep discounts, while sellers were aiming for the record prices seen in spring 2022. In 2024, both buyers and sellers have more readily adapted to the new market conditions, leading to more transactions and greater mobility in the housing market. There are also several signs that this trend will continue into 2025," says Staffan Tell, spokesperson at Hemnet.
Hemnet 2024 in Numbers*:
- 176,613 total listings (+6%)
- SEK 535 billion total asking prices (+7%)
- 53,161 single-family homes listed (+11%)
- 96,633 apartments listed (+5%)
- 1,029,191,066 ad clicks (+9%)
*Figures refer to the period January to November and exclude new construction. Comparisons are to the same period in 2023.
| Rank | Property Type | Living Area | Municipality | Realtor (link) | Clicks |
| 1 | Villa | 672 m² | Halmstad | Wennerhoms Fastighetsförmedling | 222,957 |
| 2 | Villa | 350 m² | Varberg | Skeppsholmen | 176,109 |
| 3 | Villa | 588 m² | Danderyd | Erik Olsson | 155,264 |
| 4 | Villa | 470 m² | Solna | Wrede | 149,962 |
| 5 | Villa | 115 m² | Ystad | Svensk Fastighetsförmedling | 115,142 |
For more information, please contact:
Press enquiries
Erik Holmberg, market analyst Hemnet
M: +46 72-55 88 050
E: [email protected]
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: [email protected]
About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet is listed on Nasdaq Stockholm (‘HEM’).
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