So far this year, house prices in Norway have risen by 6.7 percent.

The average price of a home in Norway was NOK 4,993,572 at the end of September.

- House prices fell by 0.6 percent in September, which also resulted in an increase in seasonally adjusted prices of 0.4 percent. It is normal for house prices to fall nominally in September, and they are doing so this year as well. At the same time, there are still large differences in house price developments, and in September there was a particularly strong development in Bergen and Ålesund and the surrounding area, says CEO Henning Lauridsen of Eiendom Norge.

- In September we had the second interest rate cut this year, and there is currently great uncertainty about whether there will be more interest rate cuts in the future. It is positive that Norges Bank has finally lowered the interest rate, and it is especially important for the new housing market that the interest rate falls further. In second-hand housing prices, we do not yet see a strong effect of the two interest rate cuts, he says.

Many sales and continued differences

In September, 11,142 homes were sold in Norway, which is 9.3 percent more than in September 2024.

So far this year, 87,033 homes have been sold in Norway, which is 11 percent more than in the same period last year.

In September, 11,276 homes were listed for sale in Norway, which is 0.6 percent more than in the same month in 2024.

So far this year, 94,627 homes have been listed for sale, which is 8.1 percent more than in the same period last year.

- A lot of homes have been sold during September. It is only in the pandemic year 2020 that more homes have been sold during a September month, says Lauridsen.

It took an average of 46 days to sell a home in September, down from 49 days in August.

The shortest sales time was in Bergen and Stavanger and the surrounding area with 19 days. The longest sales time was in Fredrikstad/Sarpsborg with 87 days.

Strongest in Bergen in September

The strongest seasonally adjusted price development in September was in Porsgrunn/Skien with a seasonally adjusted increase of 2.1 percent.

The weakest seasonally adjusted price development in September was in Tromsø with a decrease of 0.1 percent.

The largest growth so far in 2025 has been in Stavanger and the surrounding area with 14.0 percent, followed by Tromsø with 10.9 percent and Hamar and Stange with 9.9 percent.

The weakest development this year has been in Oslo with 3.9 percent, followed by Drammen and the surrounding area, Follo and Fredrikstad/Sarpsborg, all with 5.1 percent.

Continued differences ahead
- The housing market so far this year has been characterized by large differences and a record-high turnover volume, Lauridsen points out.

- We expect the large turnover to continue. The same goes for the large differences where Western Norway and Tromsø in particular stand out, he says.

- In our forecast for 2025 from December 2024, we expected a large increase in housing prices in Oslo in particular. At the moment, this does not seem to be the case, as Oslo has the lowest housing price development in the country.

- If the interest rate does not come down much and is postponed in time, as Norges Bank now has in its interest rate path, we would probably see the development in Oslo being moderate going forward, Lauridsen concludes.

Ytterligere informasjon:

Komplett statistikk kan lastes ned på www.eiendomnorge.no.

Se Boligbobla TV med pressekonferansen fra kl. 10.30 til 11.30 her.

Pressekonferansen begynner kl. 11.00. Før og etter pressekonferansen har sjef for kommunikasjon og politikk Erik Lundesgaard aktuelle gjester fra boligmarkedet i studio som kommenterer markedsutviklingen.

Gjester: Eiendomsmegler | Salgssjef | Partner Emir Resulbegovic (Emera Oslo Øst) og markoøkonom Karine Alsvik Nelson (Handelsbanken).

Ved referering av Eiendom Norges boligprisstatistikk skal Eiendom Norge, FINN og Eiendomsverdi AS oppgis som kilde.

For kommentarer:

Henning Lauridsen, administrerende direktør, mobil 997 20 485

Stian Kløfta, styreleder, mobil 924 83 064

For spørsmål om boligprisstatistikken og pressekonferansen:

Peder Eckblad Tollersrud, kommunikasjonsrådgiver, mobil 971 94 392