Swedish households have become even more optimistic about prospects for the country’s housing market, according to a survey from the country’s largest bank.

SEB AB’s Housing Price Indicator rose by 3 points to 14 in July, building on an 18-point jump the month earlier, according to data released on Monday. The metric — representing the difference between the proportion of respondents who believe in rising prices versus those who expect to see a fall — is now at the highest level since May last year, but still below its historical average of 32, SEB economists Daniel Bergvall and Marcus Widen said in a note.