Hemnet Year in Review 2025: The Recovery That Stalled

In January, 42 percent of buyers believed in rising housing prices over the coming six months. The share believing in falling prices was 14 percent. In the December survey, price expectations were significantly weakened, with 33 percent believing in rising prices and 13 percent believing in falling prices.

"The recovery we saw in the housing market during 2024 continued into the beginning of 2025. During the spring, however, the market lost momentum, largely due to increased concerns about trade wars and the resulting risks of higher inflation and rising interest rates. Since then, the market has been characterized by increased caution, with weaker price development and longer selling times—despite interest rates continuing to fall during the year. At the same time, the development is fractured, both regionally and between different housing types. 2025 became, for example, a record year for the number of houses sold, while sales of one-room apartments have decreased by 23 percent since 2021," says Erik Holmberg, Market Analyst at Hemnet.

Record-high supply and more sales
In November, there were 68,138 homes for sale in Sweden. This was 2 percent fewer than the corresponding month the previous year. The level for November is high from a historical perspective, but it was simultaneously the first decrease in monthly supply on an annual basis since February 2022. During the year, the average selling time was 34 days, which can be compared to 15 days in 2021 when the market was at its hottest.

During 2025, a total of 167,000 homes were sold, an increase of 1.8 percent. However, the development was divided: sales of detached houses rose by 5 percent while apartments dropped by 1 percent. In terms of price, however, both categories increased; apartments by 1.4 percent and detached houses by 2.2 percent compared to 2024.

"The housing market in 2025 has been characterized by great contrasts. Admittedly, both the number of sales and prices have increased somewhat looking at the full year, but at the same time, the inflow of new homes has decreased sharply. Now at the end of the year, we perceive that an unusually high number of households are holding off, waiting for better times. Whether they will arrive in 2026 remains to be seen, but signals regarding eased credit restrictions and a more stable price picture are factors that could reduce sluggishness and get moving chains started again," says Staffan Tell, Spokesperson at Hemnet.

Hemnet 2025 in numbers:*

• 162,447 total number of objects published (-8%)
• 504 billion SEK in total asking price (-6%)
• 58,925 houses listed for sale (-10%)
• 90,259 apartments listed for sale (-7%)

*The figures refer to the period January to November and exclude new construction. The comparison is for the same period in 2024.

Most clicked properties on Hemnet in 2025:

For more information, please contact:
Press enquiries
Erik Holmberg, marknadsanalytiker
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 25 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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