Obos-prisene i Oslo falt 1,7 prosent i oktober

Obolønprisene i Oslo sank 1,7 percent in October compared to September, according to figures from housing company Obos. It is typical for housing prices to decrease in the fall towards the end of the year, yet this decline was larger than usual. Over the past ten years, the average October price drop has been 1.2 percent, as reported by Obos.

In the previous month, September saw a 1.1 percent decrease. Oslo housing values have been steadily declining over the past year, as per Obos data. By October, prices were 0.9 percent below October 2025 levels. High interest rates, a large number of homes on the market, and increasing buyers have contributed to this weakening trend, according to Sissel Monsvold, Obos' chief economist.

Obos statistics cover approximately 25 percent of Oslo's used housing market. Oslo has experienced weaker housing price developments than many other major Norwegian cities this year. Experts point to many previously rented homes being abandoned, resulting in a surplus of available homes. Moreover, interest rates have been raised, making mortgages more expensive.

Nationally, Obos prices fell 1.2 percent in October. On Wednesday this week, the institute will report on how the housing market performed as a whole in the previous month, when Eiendom Norge releases the country-wide housing price statistics.