Norway house prices fall 1.0% in October 2026
Norwegian home prices fell -1.0% in October 2026 and Eiendom Norge cut its full-year forecast to 1-2%, while sales dropped 13.4% from a year earlier.
The facts
- Norwegian home prices fell -1.0% in October 2026, and rose 0.1% once adjusted for seasonal variation, Eiendom Norge reported on 4 November 2026.
- Prices are 3.2% higher so far in 2026, with an average price of 4,875,883 NOK at the end of October.
- 8,970 homes were sold in October, 13.4% fewer than in October 2025, while 9,932 were put up for sale, down 5.2%.
- A home took 50 days to sell against 48 days in September; Bergen was the quickest of the six largest cities at 19 days.
- Year-to-date price changes range from 9.6% in Tromsø to -0.9% in Oslo, the weakest of the six cities.
- Eiendom Norge cut its own full-year 2026 forecast from 6% to a range of 1% to 2%.
What it means for your money
- Entry prices are 1.0% lower than in September. Homes now sit 50 days on the market, so buyers have more room on price.
- Glopra's data for Norway shows an average of 7,383 USD per m² and annual price growth of 4.2%, so a buyer entering now does so after a year that was still rising, not falling.
- For someone who already owns in Norway, the 13.4% fall in sales matters more than the price: a resale takes longer to clear, and selling time has already stretched to 50 days.
What to watch
- Norges Bank decides its policy rate on 5 November 2026, the day after this release.
- OBOS, which covers about a quarter of Oslo's housing-cooperative resale market, reported Oslo prices down 1.7% in October and 0.9% below a year earlier, at 82,865 NOK per m² on 585 sales. Eiendom Norge puts Oslo at -0.2% nominal and 0.3% seasonally adjusted, because OBOS measures only co-operative flats and does not adjust for seasonality.
- Eiendom Norge publishes no 12-month price change, only a year-to-date figure, and the average price moves differently from the index because it is a raw mean.
Sources: Eiendom Norge https://kommunikasjon.ntb.no/pressemelding/19129233/nedgang-i-boligprisene-i-oktober?publisherId=17847466&lang=no; OBOS https://kommunikasjon.ntb.no/pressemelding/19125944/obos-prisene-falt-i-oktober?lang=no