Danish housing inventory still rising
There’s been a lot of talk about falling housing prices in Denmark, so I just wanted to take this chance to update my own statistics.
On October 8, 2006, the number from boligsiden.dk was 49,982. It is now 61,860.
That’s a net increase of 41 units per day since my last tally on October 8, 2006.
It’s a net increase of 58 units per day average since the low point on February 22, 2006.
The rate from February 22 to October 8, 2006 was 79 units per day. So the rate has dropped to about half, but the net number is still growing at steady pace.
A good time to be buying, if you can take the risk. Remember Warren Buffet’s word: “Be fearful when others are greedy and greedy when others are fearful.”