At the end of June, 5,375 apartments were on sale in Denmark, which is 16.8 percent fewer than at the same time last year.
The biggest drop is in Aarhus and areas surrounding Copenhagen, while central Copenhagen and Frederiksberg saw rises of 24.1 and 20.2 percent, respectively, over the same period.
Not only did the number of apartments on sale in Copenhagen and Frederiksberg rise, but the apartments which sold did so at a higher price.
"We're seeing signs that the Copenhagen and Frederiksberg apartment markets are moving at a slightly slower tempo than previously," Finans Danmark's deputy director Peter Jayaswal said in a press statement.
"That could be one of the reasons that we're seeing a rise in the number of apartments for sale."
The apartments in question are ejerlejligheder, or literally 'owned apartments', rather than andelslejligheder, where you buy a share in the housing association rather than an apartment itself.
Jayaswal said that the higher prices could be due to the fact that supply is still low when compared to previous years, while demand has been high for a long time.
"Now we're in a situation with a slightly slower tempo, and maybe buyers and sellers both need to get used to that," he said.
According to figures from property site Boligsiden, prices have risen substantially over the past year, although the last month has seen prices fall in a few of Denmark's larger municipalities, including Odense (fall of 1.5 percent), Aarhus (1.2 percent fall), and Frederiksberg (0.1 percent).
In Copenhagen municipality, prices rose by 0.8 percent over the same period.
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