Hot Housing Market Also in July
Housing prices fell by 1 percent in July 2025. Adjusted for seasonal variations, prices increased by 0.2 percent.
So far this year, housing prices in Norway have risen by 5.6 percent.
The average price for a home in Norway at the end of July was NOK 4,269,904.
“Housing prices fell by 1 percent in July, resulting in a seasonally adjusted increase of 0.2 percent. The housing market was particularly hot in Bergen, Tønsberg, and Ålesund this month. In contrast, price developments were more moderate in several areas in Eastern Norway, especially in Drammen and Oslo,” says Henning Lauridsen, CEO of Eiendom Norge.
“There are significant differences in price developments both in July and year to date. The development has been particularly moderate in Oslo, Drammen, and Trondheim, while Stavanger and the wider Rogaland region stand out with double-digit growth. In fact, the strong price growth in Stavanger and Rogaland appears to be accelerating,” he adds.
Sales Remain Strong
In July, 5,653 homes were sold in Norway — an increase of 10.1 percent compared to the same month in 2024.
Year-to-date, 65,789 homes have been sold, representing a 13.3 percent increase compared to the same period last year.
In July, 3,596 homes were listed for sale in Norway, which is 3.2 percent fewer than in July 2024.
Year-to-date, 69,524 homes have been listed for sale — 11.9 percent more than in the same period last year.
“The growth in the number of new second-hand homes listed for sale slowed in July, while sales increased. This reinforces the trend we’ve seen in recent months, where the number of unsold homes is decreasing,” says Lauridsen.
On average, it took 63 days to sell a home in July, up from 39 days in June.
Bergen had the shortest time to sell at 26 days, while Hamar/Stange had the longest at 139 days.
Bergen Leads in July
Bergen recorded the strongest seasonally adjusted price development in July, with a rise of 1.7 percent.
The weakest seasonally adjusted development was in Fredrikstad/Sarpsborg, with a decline of 1 percent.
So far in 2025, Stavanger and surrounding areas have seen the highest price growth at 11.5 percent, followed by Bergen at 9 percent and Tromsø at 8.4 percent.
The weakest development year to date has been in Drammen and surrounding areas (up 2.7 percent) and Oslo (up 2.9 percent).
“The differences in price developments that we’ve seen in recent months continued in July. Stavanger and Oslo stand out in opposite ways. In Oslo, the price trend is surprisingly weak, and our forecast of a 12 percent increase in 2025 will likely not materialize,” concludes Lauridsen.
