Record homes withdrawn from market in october

October saw a 20-year high of 6,317 houses withdrawn from the Danish market, as reported by Finance Denmark on Monday. Despite this, the number of homes for sale, at 33,375, remains higher than the previous year. The withdrawals are due to sales or other reasons for delisting. Conditions for homebuyers are improving with lower interest rates and high employment, fostering optimism and demand, states Peter Jayaswal of Finance Denmark. Contrary to normal trends, a larger supply has not reduced prices, as buyer demand persists. Prices have risen, with an average 140-square-meter home listing at 2.9 million Danish kroner, an increase of roughly 76,000 from last year. Brian Friis Helmer predicts a moderate price increase in the coming year, tied to wage growth and further interest rate drops.