The average price of a home in Norway was NOK 4,190,000 at the end of January.
- House prices rose by 3.6 percent in January, which resulted in an increase in seasonally adjusted house prices of 0.6 percent. Despite the national increase in seasonally adjusted prices in January, the large regional differences from 2025 continue, says CEO Henning Lauridsen of Eiendom Norge
- The strong development in the South-West, Western Norway and the North persists, while the development in Eastern Norway is moderate, he says.
- The price development in January is in line with Eiendom Norge's forecast for the housing market in 2026, where we expect an increase throughout the year of 6 percent. January ended slightly stronger than expected in Tromsø and Trondheim and slightly weaker than we had expected in Oslo, he says.
Good turnover in the second-hand market
In January, 8,156 homes were sold in Norway, which is 4.4 percent fewer than in January 2025.
In January, 8,490 homes were put up for sale in Norway, which is 13.2 percent more than in the same month in 2025.
- Many homes were sold in January. At the same time, many new second-hand homes have come onto the market, especially in Oslo and Akershus, says Lauridsen.
It took an average of 62 days to sell a home in January, down from 71 days in December.
The shortest sales time was in Bergen and Stavanger and the surrounding area, both with 23 days. The longest sales time was in Fredrikstad/Sarpsborg with 136 days.
Strongest in Bodø, Ålesund and Tromsø
- Ålesund and the surrounding area had the strongest seasonally adjusted price development in January with a seasonally adjusted increase of 3.8 percent, ahead of Bodø and Fauske and Tromsø with 2.9 and 2.8 percent, says Lauridsen.
- Fredrikstad/Sarpsborg and Asker/Bærum and the surrounding area had the weakest seasonally adjusted price development in January with a seasonally adjusted decrease of 1.5 and 1.3 percent, he says.
Precise housing prices
The model that calculates the assessed values for housing in Norway is based on data from Eiendom Norge's members, the real estate agencies. The data is the same as that used to create the housing price statistics.
- There has been enormous innovation in the valuation of housing and property over the past ten years, including in Norway based on data from the real estate agency industry. At the same time, a number of regulatory requirements have been introduced for valuations in real estate and banking, and such large deviations as are found in Statistics Norway's new model would never have been accepted for valuations for use in the housing trade and for mortgages.
- The problem in this case is, in our opinion, that the Tax Act sets strict limits for how the valuation should be done, and this prevents Statistics Norway from using the major advances that have occurred in statistical valuation, concludes Lauridsen.
