So far this year, house prices have risen by 6.5 percent.

The average price of a home in Norway was NOK 4,890,513 at the end of March.

- House prices rose by 0.4 percent in March, which gave a seasonally adjusted increase of 0.1 percent. The strong growth from January and February slowed down in March, and in some areas such as central Eastern Norway and Oslo, house prices actually fell, says CEO Henning Lauridsen of Eiendom Norge.

- Although there is still good growth in house prices in some areas, such as Stavanger, the trend is now more moderate after the exceptionally strong increase in the first two months of the year.

- Perhaps the most striking thing about the March figures is that the volume in the second-hand housing market continues to rise in all parts of the country. We have never before seen such explosive volume growth in the second-hand housing market as this year, he says.

Record volume also in March

In March, 9,733 homes were sold in Norway, which is 37.7 percent more than in the corresponding month in 2024.

So far this year, 26,524 homes have been sold in Norway, which is 27.6 percent more than in the same period last year.

In March, 11,865 homes were listed for sale in Norway, which is 36.8 percent more than in the same month in 2024.

So far this year, 27,451 homes have been listed for sale, which is 27.9 percent more than in the same period last year.

- The number of homes sold and the number listed for sale was at a historically high level in March, and this despite the fact that the volume is being reduced by the fact that Easter this year is not until April.

- Although we expect the volume to adjust downward during April due to Easter, the growth in the number of sales so far in 2025 is almost 30 percent. We have never before registered such great growth or such large volumes in the second-hand housing market, says Lauridsen.

It took an average of 50 days to sell a home in March, down from 65 days in February.

Bergen had the shortest sales time with 16 days. Sarpsborg/Fredrikstad had the longest sales time with 85 days.

Strongest in Porsgrunn/Skien and weakest in Asker/Bærum and Kristiansand

The strongest seasonally adjusted price development in March was in Porsgrunn/Skien with a seasonally adjusted increase of 1.7 percent.

The weakest seasonally adjusted price development in March was in Asker/Bærum and Kristiansand with a decrease of 0.9 percent.

The largest growth so far in 2025 has been in Stavanger and the surrounding area with an increase of 11 percent. The weakest development this year has been in Romerike with an increase of 4.5 percent.

- There are also large differences in housing price developments in March, and in Oslo and Akershus in particular the development was weak. The strong market in Stavanger and Rogaland continues, while growth in Bergen slowed in March after a very strong year last year and into 2025, says Lauridsen.

Even better housing trade

On Tuesday this week, the Storting adopted certain amendments to the Real Estate Act, including stricter suitability requirements for being a real estate agent or settlement employee and stricter rules related to bribery and secret bids.

These are proposals for improvements to the rules for housing transactions that were proposed by the Real Estate Commission in 2021.

- It is positive that the Storting is tightening the suitability requirements and making it a little more difficult to circumvent the bidding rules, but we expect that more proposals from the Real Estate Commission will be followed up in the next parliamentary term, says Eiendom Norge director Henning Lauridsen.

- The 2021 report contains many good proposals that should be taken up by a government after the election. Among them are several productivity-enhancing simplification proposals and simple measures to reduce the risk of economic crime in the housing transaction. In addition, parts of the committee believed that the bidding rules should be regulated in the Disposal Act, to avoid coups and secret bids. These are measures for an even better housing market in Norway, concludes Lauridsen.