Most unsold homes on the market in a decade

Not since January 2009 have there been so many unsold homes on the market as there was at the end of September, statistics from Eiendom Norge show.

At the end of September, there were 17,774 homes on the market in Norway, figures from the industry organization, Finansavisen reports on Friday. In 2009, Norway was, as is well known, hit by the financial crisis, which also affected the housing market to a large extent.

– “We are entering the last two months of the year with a historically high stock,” says CEO Terje Buraas of DNB Eiendom to the newspaper.

– “The buyers have a lot to choose from, and thus there are several home sellers struggling in today’s market. It is a bit sluggish in the housing market,” he says.

The housing price statistics presented by Eiendom Norge one month ago showed that prices in absolute terms fell by 1.1 percent in September. However, adjusting for seasonal variations, prices increased by 0.2 percent.

On Tuesday, new housing statistics are coming from Eiendom Norge.

© NTB Scanpix / #Norway Today