Boligprisene falt 1 prosent i oktober

In October, Norwegian home prices declined by 1 percent, according to the latest figures from Eiendom Norge. Meanwhile, seasonally-adjusted home prices increased slightly by 0.1 percent. The housing market has been experiencing a slow decline recently, with a 0.7 percent drop in September. As of 2026, Norwegian home prices have risen by 3.2 percent overall.

It is typical for home prices to fall in the latter half of the year. In early September, the Central Bank of Norway raised its policy rate to 4.5 percent, which may impact housing market development due to higher mortgage rates. October is usually a month when home prices tend to decline. Earlier this week, OBOS released its own data, reporting a 1.2 percent price drop nationwide.

In Oslo, OBOS prices fell even more, by 1.7 percent in October. Oslo has had the weakest housing price trend among major Norwegian cities this year. Higher interest rates and a larger number of homes on the market have weighed on the market. Recent data from the house-selling chain Nordvik shows a 10 percent drop in the number of bids in Oslo so far this year.