The average price of a home in Norway was NOK 5,074,293 at the end of April.

So far in 2026, home prices have risen by 5.6 percent.

- Home prices rose by 1 percent in April, which resulted in an increase in seasonally adjusted home prices of 0.6 percent. There is good momentum in the housing market in many parts of the country, and in particular Stavanger, Kristiansand and Bergen, which stand out in April. These cities, together with Tromsø, are now driving the national price trend, says CEO Henning Lauridsen of Eiendom Norge.

- In Oslo and Eastern Norway, there is a wait-and-see market. In the first four months of the year, home prices in Oslo have only risen by 2.5 percent. With a normal course of home prices in the coming months, this could mean that Oslo will see falling home prices in 2026.

- Usually, most of the growth in home prices comes in the first months of the year, while prices decrease throughout the year and especially in the fall. With an increase of 2.5 percent in Oslo so far in 2026 and 12-month growth of 1.3 percent, we could pass zero in a few months, especially if the interest rate is raised, says Lauridsen.

Many sales and a large supply

In April, 9,681 homes were sold in Norway, which is 2.3 percent fewer than in April 2025.

So far this year, 35,221 homes have been sold in Norway, which is 3.3 percent fewer than at the same time last year.

In April, 11,886 homes were listed for sale in Norway, which is 8.7 percent more than in April 2025.

So far this year, 38,263 homes have been listed in Norway, which is 0.3 percent fewer than at the same time last year.

- There is still a lot of activity in the second-hand housing market in Norway, and with Easter over in April, we can see that the sales volume so far this year is high. It is still only in 2025 that more second-hand homes have been sold in Norway as of the end of April, says Lauridsen.

It took an average of 49 days to sell a home in April, down from 50 days in March.

Bergen and Stavanger and the surrounding area had the shortest sales time, with 14 and 17 days respectively. Fredrikstad/Sarpsborg had the longest sales time with 103 days.

Finnmark and Ålesund were strongest in 2026

- Porsgrunn/Skien had the strongest seasonally adjusted price development in April with a seasonally adjusted increase of 2.4 percent, ahead of Kristiansand with 1.8 percent, says Lauridsen.

Follo had the weakest seasonally adjusted price development in April with a seasonally adjusted decrease of 1 percent.

- The largest growth so far in 2026 has been in Ålesund and the surrounding area and Finnmark, both with double-digit increases of 10.8 and 10.5 percent.

- The weakest development this year has been in Oslo with 2.5 percent, says Lauridsen.

The interest rate should be kept steady

Tomorrow, Norges Bank will make an interest rate decision with an interim meeting without a monetary policy report.

- We would warn Norges Bank to raise the interest rate now. Monetary policy should be flexible and forward-looking and many key figures will come later in May and early June. An interest rate increase now would be the death knell for the new housing market. Here, the arrows point downwards again after a small increase in new home sales in 2025, says Henning Lauridsen.

- Higher interest rates now will also create problems in reducing inflation through even higher rental prices. With high interest rates, Norges Bank is creating inflation through rental prices, and with the adjustment of the housing cost weight in the CPI earlier this year, this will have an even greater impact on inflation in Norway. We need lower interest rates and a better measurement of rental and ownership costs in the CPI, concludes Lauridsen.