Norway House Prices Accelerate in November

House prices in Norway rose by 0.6% month-on-month in January 2026, after showing no growth in the previous month. Residential sales totaled 8,156 units in January, 4.4% fewer than in the same month last year, while 8,490 homes were listed for sale, 13.2% more than a year ago. The average time to sell a home was 62 days in January, compared to 71 days in December. Bergen and Stavanger and surrounding areas had the shortest selling period at 23 days, while Fredrikstad/Sarpsborg had the longest at 136 days. Regionally, Ålesund and its surrounding areas posted the strongest price gains (+3.8%), followed by Bodø/Fauske (+2.9%) and Tromsø (+2.8%). Meanwhile, Fredrikstad/Sarpsborg (-1.5%) and Asker/Bærum and surrounding areas (-1.3%) recorded the biggest declines. On a yearly basis, house prices increased by 4.2% in January, easing from a 5% rise in December.

House prices in Norway were unchanged month-on-month in December 2025, following a 0.7% increase in November. The average price for a home stood at NOK 4,420,795 at the end of the month. Residential sales totaled 3,809 units in December, 1.4% higher than a year earlier, while 3,436 homes were newly listed for sale, 5.9% fewer than in December 2024. The average time to sell a property extended to 71 days, up from 54 days in November. Bergen and Stavanger recorded the shortest selling periods at 20 and 26 days, while Tønsberg and the surrounding area saw the longest at 105 days. Regionally, Tønsberg w/Færder (+1.7%) and Follo (+1.7%) posted the strongest price gains, whereas Bodø w/Fauske (-5.6%) and Ålesund (-3.9%) recorded the weakest. On an annual basis, house prices in Norway rose 5% in 2025, following a 6.2% gain in the previous month.

House prices in Norway rose 0.7% month-on-month in November 2025, the fastest pace since February and up from a 0.6% increase in October. The average price for a home stood at NOK 4,774,083 at the end of the month. Residential sales totaled 7,461 units in November, 2.8% higher than the same month last year. The average time to sell a property extended to 54 days, up from 48 days in October. Bergen and Stavanger, along with their surrounding areas, recorded the shortest selling periods at 20 and 24 days, while Tønsberg and the surrounding area saw the longest at 93 days. Regionally, Tromsø (+2.8%), Hamar w/Stange (+2.5%), and Ålesund (+2.4%) posted the strongest month-on-month price gains, whereas Tønsberg with Færder (-1.7%) recorded the weakest. On an annual basis, house prices rose 6.2% in November, accelerating from 5.8% growth in October.