Bustad Prices Rise 0.4% in March, Fall in Oslo
- OSLO,Norway (AP) — Norway's housing market experienced a slight moderation in March,with overall price increases slowing after a robust start to teh year,according to figures released Thursday by...
- Nationwide, housing prices edged up by 0.1% in March, adjusted for seasonal variations.
- "The strong growth from January and February decreases in March," said Henning Lauridsen, Managing Director of Eiendom Norway.
Norway Housing Market Cools in March After Strong Start to 2025
Table of Contents
- Norway Housing Market Cools in March After Strong Start to 2025
- Norway Housing Market: March 2025 Cooling After a Strong start
- Key Questions about the Norwegian Housing Market
- What happened to the Norway housing market in March 2025?
- How does March’s performance compare to the start of the year?
- What’s the outlook of experts on this market shift?
- Are there regional differences in the housing market?
- How did apartment prices perform in Oslo?
- Which regions saw the strongest growth in march?
- How long did it take to sell homes in different cities?
- How did sales volume look in March 2025?
- What factors influenced the housing market’s performance?
- What’s the interest rate situation?
- Summary Table: Key Housing Market Metrics – March 2025
- Key Questions about the Norwegian Housing Market
OSLO,Norway (AP) — Norway’s housing market experienced a slight moderation in March,with overall price increases slowing after a robust start to teh year,according to figures released Thursday by Eiendom Norway.
Nationwide, housing prices edged up by 0.1% in March, adjusted for seasonal variations. This follows a period of significant growth in January and February.
“The strong growth from January and February decreases in March,” said Henning Lauridsen, Managing Director of Eiendom Norway.
despite the slowdown, bus prices across the country have risen by 6.5% as the beginning of the year.
Lauridsen noted regional disparities in housing price trends. “There are also large differences in the bustling price development in March, and especially in oslo and Akershus the development was weak. The strong market in stavanger and Rogaland continued, while growth in Bergen minked in March after a very strong year last year and into 2025,” he said.
oslo Sees Price Dip
The capital city experienced a cooling trend after a hot start to 2025. Apartment prices in Oslo decreased by 0.9% in March. seasonally adjusted figures show a 0.5% decrease.
regional Performance Varies
Porsgrunn and Skien saw the strongest growth in March, with seasonally adjusted price increases of 1.7%. Stavanger and the surrounding area have experienced the largest growth so far this year, with an 11% increase.
bergen saw the fastest sales, with an average selling time of 16 days.Sarpsborg and Fredrikstad had the longest selling times, averaging 85 days.
Economist sees Calming Market as Positive
Kyrre M. Knudsen,chief economist at SpareBank 1 Southern Norway,views the moderated price growth as a positive development.
“this is very good. After the bustling market was about to take off in parts of Norway at the start of the year, it is indeed good to see that prices are calming down, as it comes out more for the hall. This is good for the whole market. High price growth makes it much more difficult for the buyer and can create unrealistic expectations at Seljar,” Knudsen said.
Sales Volume Up
A total of 9,733 buses were sold nationwide in March, a 37.7% increase compared to March of last year. So far this year, 26,524 buses have been sold, representing a 27.6% increase over the same period in 2024.
“the speech at sold and announced buses were at a historically high level in March,” Lauridsen noted.
However, Marius Gonsholt Hov, chief economist at handelsbanken, expressed reservations about the slowdown. “It would not be realistic to wait such a price growth as we had in January and February of the month after month,” Hov said.
Hov attributed the earlier price surge to changes in equity requirements and signals from the central bank regarding potential interest rate cuts. “It was probably behind that prices increase so much after the New Year. In March, the market was adapted to the new requirement for equity.During the month,people probably got less threat to interest rate cuts. It clearly shows again hear,” he said.
Norway’s central bank decided to hold interest rates steady in recent weeks.
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Norway Housing Market: March 2025 Cooling After a Strong start
Here’s a breakdown of the Norway housing market’s performance in march 2025, based on data released by Eiendom Norway, with insights from leading economists. We’ll explore the nuances of this market, answering key questions about price trends, regional variations, and expert opinions.
Key Questions about the Norwegian Housing Market
What happened to the Norway housing market in March 2025?
in March 2025, Norway’s housing market experienced a slight moderation, with overall price increases slowing after a robust start to the year. Nationwide, housing prices edged up by 0.1% in March, after significant growth in January and February.
How does March’s performance compare to the start of the year?
While March showed a slowdown, housing prices across the country have still risen by 6.5% as the beginning of the year.
What’s the outlook of experts on this market shift?
Henning Lauridsen, Managing Director of Eiendom Norway, noted the slowdown in March. kyrre M. Knudsen, chief economist at SpareBank 1 Southern Norway, views the moderated price growth as a positive progress, suggesting that it is good for the overall market. However, Marius Gonsholt Hov, chief economist at Handelsbanken, expressed some reservations about the slowdown, suggesting it wouldn’t be realistic to maintain the price growth seen in January and February.
Are there regional differences in the housing market?
Yes, there are significant regional disparities.Oslo and Akershus experienced weak development. Stavanger and Rogaland saw continued strong growth, while Bergen’s growth slowed in March after a strong year-end and start to 2025.
How did apartment prices perform in Oslo?
Apartment prices in Oslo decreased by 0.9% in March. seasonally adjusted figures show a 0.5% decrease.
Which regions saw the strongest growth in march?
Porsgrunn and Skien saw the strongest growth in March, with seasonally adjusted price increases of 1.7%. Stavanger and the surrounding area have experienced the largest growth so far this year,with an 11% increase.
How long did it take to sell homes in different cities?
Bergen saw the fastest sales, with an average selling time of 16 days. Sarpsborg and Fredrikstad had the longest selling times, averaging 85 days.
How did sales volume look in March 2025?
A total of 9,733 buses were sold nationwide in March, a 37.7% increase compared to March of the previous year.This year, 26,524 buses have been sold, up 27.6% over the same period in 2024.
What factors influenced the housing market’s performance?
Marius Gonsholt Hov attributes the earlier price surge to changes in equity requirements and signals from the central bank regarding potential interest rate cuts. The market adapted to new equity requirements in March, and people may have perceived a lessened threat of interest rate cuts during the month.
What’s the interest rate situation?
Norway’s central bank decided to hold interest rates steady in recent weeks.
Summary Table: Key Housing Market Metrics – March 2025
| Metric | March 2025 | Key Observations |
|---|---|---|
| Nationwide Price Change | +0.1% (Seasonally Adjusted) | Represents a slowdown after strong growth in January and February. |
| Year-to-Date Price Increase | +6.5% | Indicates overall market strength despite the March slowdown. |
| Oslo Apartment Price Change | -0.9% (Decrease) | Reflects a cooling trend in the capital city. |
| Strongest Growth (March) | Porsgrunn and Skien (+1.7%) | Demonstrates regional variation in market performance. |
| Largest YTD Growth | Stavanger and surrounding area (+11%) | Highlights a especially robust regional market segment. |
| Fastest Sales | Bergen (16 days) | Indicates strong demand and quick turnover in this region. |
| Slowest sales | Sarpsborg and Fredrikstad (85 days) | Suggests a slower market pace in thes areas. |
| Sales volume (March) | 9,733 buses sold | A 37.7% increase compared to March of the previous year, indicating strong sales. |
Article updated on April 3, 2025.