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

The average price of a home in Norway was NOK 4,873,834 at the end of April.

- House prices rose by 0.2 percent in April, which resulted in a seasonally adjusted decrease of 0.2 percent. The moderate house price development from March continued in April and it is particularly weak in Oslo and Drammen, says CEO Henning Lauridsen of Eiendom Norge.

- In Rogaland, however, the strong development continues. In Stavanger, house prices have risen by a whopping 11.1 percent this year, says Lauridsen.

- So far in 2025, there has been a record volume in the second-hand housing market. And the turnover volume continues to rise in April, and despite Easter, which normally results in lower activity, it was entirely in April. Although price development is moderate in most places, the strength in the second-hand housing turnover is at a level we have not seen before, he says.

Record volumes continue

In April, 9,908 homes were sold in Norway, which is 0.3 percent fewer than in the same month in 2024.

So far this year, 36,432 homes have been sold in Norway, which is 18.6 percent more than in the same period last year.

In April, 10,934 homes were listed for sale in Norway, which is 0.5 percent more than in the same month in 2024.

So far this year, 38,385 homes have been listed for sale, which is 18.7 percent more than in the same period last year.

- The number of homes sold and the number listed so far this year is very high. As of April, sales are also well above 2021, which was the previous record year in the used housing market.

It took an average of 47 days to sell a home in April, down from 50 days in March.

Bergen had the shortest sales time with 16 days. Fredrikstad/Sarpsborg and Ålesund and the surrounding area had the longest sales period with 72 days.

- Despite the large supply, selling a home in Norway is now surprisingly fast. This indicates that the underlying demand in the housing market is large and stable, says Lauridsen.

Strongest in Porsgrunn/Skien and weakest in Asker/Bærum

The strongest seasonally adjusted price development in April was in Porsgrunn/Skien with a seasonally adjusted increase of 1 percent.

The weakest seasonally adjusted price development in April was in Asker/Bærum with a decrease of 1 percent.

The largest growth so far in 2025 has been in Stavanger and the surrounding area with an increase of 11.1 percent. The weakest development this year has been in Romerike with an increase of 4.4 percent.

- There are also large differences in house price development in April, and as in March, it was particularly weak in Oslo and Akershus. The strong market in Stavanger and Rogaland continues, while growth in Bergen is slowing down further, says Lauridsen.

No more expensive requirements

The government has recently asked the housing industry for input on increased housing construction after new home sales in recent years have fallen by almost 50 percent.

- If we are to get housing construction going again, cost-driving requirements for housing construction must be reduced. In the last ten years, there has only been an increase in requirements for housing construction from both municipalities, the state and sector interests. This has been possible in finance when house prices have risen and interest rates have been low, says Lauridsen.

- We are not going back to the low-interest-rate era, and only lower construction costs and faster planning processes can allow us to get construction going again. The state and Housing Minister Kjersti Stenseng (Labour Party) must cut requirements and rules and take responsibility for the government to coordinate.

- We see time and time again that sector interests are forcing new home buyers to foot the bill for these requirements. Recent examples include shelters, electrical construction machinery and football pitches. This must end, concludes Lauridsen.