2026.06.0309:21:01UTC+00Norway House Prices Up 0.1% MoM in May

Norwegian house prices edged up 0.1% month-on-month in May 2026, after a 0.6% increase in April. Residential sales reached 10,702 units, down 8.5% from the same month a year earlier, while 14,438 homes were listed for sale, 9.7% more than a year ago. The average time on the market fell to 42 days in May from 49 days in April. Homes sold fastest in the Stavanger region and in Bergen, with average selling times of 13 and 14 days, respectively, whereas Fredrikstad/Sarpsborg recorded the slowest market, with an average of 83 days to sell.

Regionally, Ålesund and the surrounding area posted the strongest monthly price growth at 2.0%, followed by Fredrikstad/Sarpsborg at 1.3%. At the other end of the spectrum, Tønsberg w/Færder saw the sharpest decline, with prices down 1.2% on the month. On an annual basis, house prices rose 3.8% in May, the same rate as in April. For the period January through May, prices were 5.8% higher than in the corresponding period of the previous year.