Overview
- In Groningen, 1,457 homes were sold via NVM brokers in Q3, up about 13% year over year, with average prices rising nearly 10%.
- Nationwide, transactions increased roughly 19% compared with a year earlier and average sale prices rose about 5%, according to NVM.
- Amsterdam’s average sale price slipped 0.3% as many former rental and smaller, lower-quality units entered the market, which NVM says pulls down the average; such homes sell for roughly €90,000 less than typical owner-occupied properties.
- Listings have grown, with supply in Groningen up more than 20% from a year earlier after an 11% rise in Q2, and NVM reports more choice for buyers nationally.
- Tight conditions persist as 80% of Groningen sales involved overbidding, homes sold in a median of 29 days, and 81% of new listings found buyers within three months, prompting NVM’s call to speed permitting and construction.