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Norway - Existing House Price Index

Norway's existing house price index fell by 0.8% in September 2025, dropping to 358 points from 361 points in August 2025. This decline is attributed to Norges Bank's decision to hold the policy rate at 4.25% through August 2025 which sustained mortgage costs. Housing price growth is moderating compared to earlier in the year. August 2025 saw a slight decrease in homes listed for sale. Norway's record low existing house price index was 228.94 points in October 2015 and record high was 361 points in August 2025.

Monthly Historical Data (2015-2025)

(in points)
Month Existing House Price Index (points)
Sep 2025 358
Aug 2025 361
Jul 2025 354
Jun 2025 357.9
May 2025 359.1
Apr 2025 358.2
Mar 2025 357.5
Feb 2025 356.1
Jan 2025 350.3
Dec 2024 335.7
Nov 2024 335.4
Oct 2024 337.2
Sep 2024 339.6
Aug 2024 341.7
Jul 2024 336.2
Jun 2024 340.6
May 2024 341.4
Apr 2024 338.3
Mar 2024 334.1
Feb 2024 331
Jan 2024 326.3
Dec 2023 315.5
Nov 2023 318.8
Oct 2023 321.5
Sep 2023 326.1
Aug 2023 330.7
Jul 2023 328.2
Jun 2023 333.2
May 2023 335.6
Apr 2023 334.5
Mar 2023 330.3
Feb 2023 326.3
Jan 2023 321.8
Dec 2022 312.7
Nov 2022 317.2
Oct 2022 322.3
Sep 2022 328.7
Aug 2022 334.2
Jul 2022 327.8
Jun 2022 333.3
May 2022 334.4
Apr 2022 330.7
Mar 2022 327.8
Feb 2022 324.1
Jan 2022 321
Dec 2021 307
Nov 2021 310.5
Oct 2021 311.8
Sep 2021 312.5
Aug 2021 313.9
Jul 2021 308.1
Jun 2021 312
May 2021 311.7
Apr 2021 309.5
Mar 2021 306.8
Feb 2021 304.4
Jan 2021 298.6
Dec 2020 288.9
Nov 2020 289.3
Oct 2020 288.7
Sep 2020 287.1
Aug 2020 286.7
Jul 2020 282.7
Jun 2020 281.9
May 2020 279.4
Apr 2020 274.2
Mar 2020 273
Feb 2020 276.6
Jan 2020 275
Dec 2019 266.2
Nov 2019 268.4
Oct 2019 269.5
Sep 2019 272.2
Aug 2019 273.6
Jul 2019 270.2
Jun 2019 272.2
May 2019 273.4
Apr 2019 272.4
Mar 2019 271
Feb 2019 268.8
Jan 2019 267.2
Dec 2018 261.3
Nov 2018 261.5
Oct 2018 263.3
Sep 2018 265.4
Aug 2018 267.8
Jul 2018 264.7
Jun 2018 265.7
May 2018 267.1
Apr 2018 265.9
Mar 2018 262.4
Feb 2018 260.5
Jan 2018 258.3
Dec 2017 252.6
Nov 2017 254.9
Oct 2017 256.9
Sep 2017 257.8
Aug 2017 259.9
Jul 2017 258.7
Jun 2017 260.8
May 2017 265.3
Apr 2017 266.1
Mar 2017 266.1
Feb 2017 265
Jan 2017 263.2
Dec 2016 256.4
Nov 2016 255.8
Oct 2016 254.8
Sep 2016 253.2
Aug 2016 251.9
Jul 2016 247.3
Jun 2016 245
May 2016 244.7
Apr 2016 242.8
Mar 2016 238.8
Feb 2016 236.5
Jan 2016 235.5
Dec 2015 229.2
Nov 2015 230
Oct 2015 228.9
Sep 2015 230.2
Norway - Existing House Price Index : Definition
The Norway existing house price index measures average price changes for existing homes in Norway. Calculated using sales transaction data, it compares current market prices relative to a base period value (often 100). This Norway index shows the overall trend in Norwegian residential property values.
Indicator Last Value Prior Value Period
Housing Starts 1,542 units 1,761 units Sep'25
Home Sales 11,142 units 10,102 units Sep'25