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There were 11,119 homes for sale in June, 2.1 percent more than in the same month last year and the largest number since 2006, according to Eiendom Norge. Dreyer estimates, however, that the massive supply in May and June may be due to spring coming in late this year and that many sales of snow – exposed homes have disappeared.
Another explanation may be that the number of houses received was commissioned in 2016, for a total of 36,500, and that many of these houses are now ready for sale
At the same time, there are also a lot of houses sold.
38 days to sell a house in June, six days more than the same month last year. At the same time, sales time has dropped considerably in Oslo, Bergen and Trondheim since the New Year. In Oslo, it took 21 days to sell a property in June, while in Kristiansand, at the other end of the scale, it took 69 days.
House prices fell in all regions of Norway last month. 0.2 percent. In Follo, the price decline was the strongest, by 1.8 percent
– The difference between the price and the selling price is at the end of the month at the June low to last for many years, indicating that the market is in balance.
The extension of mortgage regulation in 2019, the increase in population growth and the announced growth rate in the fall will most likely help to keep house prices moderate at all times. throughout the fall.
Adjusted for seasonal variations, house prices remained in place in June, both predictable and normal. All is talking about moderate price growth this fall.
– Normalization
Real estate prices fell 1% last month, far from the seasonally adjusted figures. House prices are now 1.5% higher than those of a year ago.
– After a sharp rise in housing prices this year, developments in June were moderated with a drop in nominal prices and a stagnation of seasonally adjusted prices. Christian Vammervold Dreyer, CEO of Real Estate Norway, said: "The Norwegian real estate agency is delighted that price developments have normalized and that everything is in place for a more balanced housing market in the autumn. .
– The level of activity is high and both sellers and buyers have confidence in the market. This means that we have strengthened our offer while ensuring that buyers in the market are sufficient. With the expectations of a good supply page and a certain rate of increase, it is likely that price developments will slow down in the fall and that the market will be a little healthier, says Carl O. Geving, CEO
. ] In advance, analysts at DNB Markets were expecting a 0.5% rise after adjusting for price inflation to account for seasonal variations of 1.1. % in May. Senior economist Knut A. Magnussen expects a more balanced housing market in the coming period, as population growth is about to decline as many new homes are on the market
Nordea Markets is planning a price growth somewhat lower than in May. Nevertheless, we expect a seasonally adjusted growth rate of around 0.8%.
– We believe that the real estate market should fall properly before Norges Bank reflects again on the announced rise in interest rates. We do not believe it even if price inflation is expected to subside in the autumn, "says chief economist Kjetil Olsen
who has long announced a rate hike at the same time. the monetary policy meeting in September, there was a sharp rise in prices in May, that this recovery did not continue in June, we are not worried that we see a show is in line with our We believe in relatively stable real estate prices throughout the year, "says John Sætre, Nordea Retail Market Manager and Consumer Economist Elin Reitan.
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