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Amsterdam housing market cools down, but homes still frequently sell above asking price – especially in West and North

Amsterdam housing market cools down, but homes still frequently sell above asking price – especially in West and North

The Amsterdam housing market is cooling as buyers exercise more caution, leading to a decrease in the frequency and extent of overbidding. While 77 percent of homes still sell above the asking price, the median transaction price has stabilized at 583,839 euros.

The Amsterdam housing market is showing signs of cooling as buyers become more cautious due to higher mortgage rates. According to data from the Makelaarsvereniging Amsterdam (MVA) covering the period from April to July, the median transaction price has remained stable at 583,839 euros. While the market remains active, buyers are taking more time to evaluate properties, leading to a slight decrease in the frequency and intensity of overbidding compared to previous quarters. During this period, 77 percent of homes were sold above the asking price, with the average overbid percentage dropping from 7.3 to 6.3 percent.

There are notable regional differences across the city regarding buyer behavior and supply. Districts like West and Noord continue to see the highest rates of overbidding, while the Centrum area currently offers the most options for prospective buyers. Overall, Amsterdam is following national trends, although the city experienced an 11 percent decline in transactions compared to the previous quarter. This shift reflects a more deliberate approach by buyers, who are paying closer attention to property conditions and long-term financial burdens.

Based on reporting by parool. Translated and condensed by LocalHeadlines.

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