The Danish housing market is increasingly diverging, with Copenhagen experiencing a shortage of homes for sale while Jutland sees a surplus. Recent data reveals a stark contrast in housing supply and price developments between the capital city and the provinces.

In Copenhagen, the supply of houses has plummeted by 12% in the past year, and apartments have decreased by 23%. This scarcity is driving prices up, with house prices rising by 16% and condominium prices by 17% in Copenhagen City.

Conversely, North Jutland has seen a 7% increase in the supply of houses and a 26% surge in available apartments. West Jutland also experiences a surplus, with house supplies not seen since 2012 and apartment supplies increasing by 14%. This abundance of homes makes it more challenging for sellers and puts downward pressure on prices.

House prices in North Jutland have fallen by 3%, while condominium prices remain unchanged. The differing supply levels significantly impact price dynamics, creating a seller’s market in Copenhagen and a buyer’s market in parts of Jutland.

Analysts predict that these trends will continue, with greater optimism for house price developments in Copenhagen due to limited supply. In regions with fewer homes for sale, buyers are forced to outbid each other, while sellers in areas with ample supply are more likely to offer discounts.

The summer house market also reflects these trends to some extent. While the supply of summer houses has increased by 13% in the past year, it remains significantly below pre-pandemic levels, indicating continued demand.