So far this year, housing prices have increased by 6.6 percent.

The average price for a home in Norway at the end of June was NOK 4,943,130.

“Housing prices declined by 0.3 percent in June, resulting in a seasonally adjusted increase of 0.3 percent. There are significant differences in price developments across various parts of the country. In June, there was particularly strong growth in Drammen, Bergen, Kristiansand, and Fredrikstad/Sarpsborg, while the development was weaker in Bodø, Trondheim, and Oslo,” says Henning Lauridsen, CEO of Eiendom Norge.

“There are also considerable regional differences in price growth so far in 2025. Growth has been particularly modest in Oslo and Bodø/Fauske, while Stavanger and surrounding areas, as well as Hamar/Stange, have seen double-digit growth of 12.0 and 11 percent, respectively,” he adds.

“Moreover, by a wide margin, more second-hand homes have been sold this year than ever before, and June was nearly a record month in terms of sales volume. The market for second-hand homes remains stable and well-functioning,” says Lauridsen.

High Sales Volume, Declining Supply Side

In June, 12,003 homes were sold in Norway, which is 5.9 percent more than in the same month in 2024 and just 15 homes fewer than the record-setting June of 2021.

So far this year, 60,136 homes have been sold in Norway, which is 13.6 percent more than in the same period last year.

In June, 11,561 homes were listed for sale in Norway, 1.7 percent fewer than in June 2024.

Year-to-date, 65,928 homes have been listed for sale — an increase of 12.9 percent compared to the same period last year.

“The growth in the number of new homes entering the second-hand market is slowing down, and as it stands, we are heading into the summer with a supply side on par with last year,” says Lauridsen.

The average time to sell a home in June was 39 days, down from 42 days in May.

Bergen had the shortest selling time at 16 days, while Porsgrunn/Skien had the longest at 71 days.

Strongest in Drammen

The strongest seasonally adjusted price development in June was seen in Drammen and surrounding areas, with a seasonally adjusted increase of 1.4 percent.

The weakest seasonally adjusted price development was in Ålesund and surrounding areas, with a decline of 2.9 percent.

The largest price growth so far in 2025 was recorded in Stavanger and surrounding areas, with an increase of 12.0 percent, followed by Hamar/Stange at 11 percent, and Kristiansand and Tromsø, both at 9.3 percent. The weakest development has been in Oslo and Bodø/Fauske, with increases of 3.7 and 4 percent, respectively.

“There are also wide disparities in price development, both in June and year-to-date. The strong markets in Stavanger and Ålesund continue. In contrast, in the central Eastern region — with the exception of Hamar — growth has been weaker than the national average. In Tromsø, growth has picked up over the past few months,” says Lauridsen.

New Bidding Rules from July 1st

As of July 1st, several amendments to the Real Estate Brokerage Act take effect — including a ban on agents conveying secret bids to the seller.

“This means it will no longer be possible to place bids that other bidders are unaware of,” says Lauridsen.

“This has been a loophole in the bidding rules, often used by the most seasoned homebuyers. For consumers who have lost bidding rounds to a secret bid, it may have made the process feel unfair,” he adds.

Note: Eiendom Norge is also publishing our regional reports for Q2 2025 today, which show housing market developments in seven regions and 115 municipalities/neighborhoods across Norway.