Norway House Prices Rose in January 2026

January growth supports Norway’s 2026 housing outlook

Norway’s house prices rose by 3.6% in January 2026, while the seasonally adjusted increase was 0.6%, according to Eiendom Norge. The organisation stressed that, despite the national uptick, the wide regional divergence seen in 2025 continues into the new year.

The average home price nationwide stood at NOK 4,190,000 at the end of January. Eiendom Norge CEO Henning Lauridsen said the strongest momentum remains in the South-West, Western Norway and the North, while Eastern Norway is developing more moderately.

Regional leaders: Ålesund, Bodø and Tromsø set the pace

Eiendom Norge recorded the strongest seasonally adjusted price increase in the Ålesund area, up 3.8% in January. Bodø and Fauske followed with a 2.9% rise, while Tromsø posted a 2.8% increase.

The weakest seasonally adjusted performance was reported in Fredrikstad/Sarpsborg, down 1.5%, and in Asker/Bærum and surrounding areas, down 1.3%.

Resale market turnover remains high as listings rise

A total of 8,156 homes were sold in January, which was 4.4% fewer than in January 2025. At the same time, 8,490 homes were listed for sale, up 13.2% year-on-year, with Eiendom Norge pointing to a particularly strong inflow of resale listings in Oslo and Akershus.

Average time to sell fell to 62 days from 71 days in December. Bergen and Stavanger and surrounding areas recorded the shortest selling time at 23 days, while Fredrikstad/Sarpsborg had the longest at 136 days.

2026 forecast: Eiendom Norge expects around 6% annual growth

Eiendom Norge said January’s development aligns with its housing market forecast for 2026, which projects around 6% price growth over the year. Lauridsen noted that January came in slightly stronger than expected in Tromsø and Trondheim, and slightly weaker than expected in Oslo.

Valuation debate: Eiendom Norge criticises SSB model constraints

Eiendom Norge also used the release to criticise valuation approaches, arguing that the model used to calculate assessed housing values is based on real estate agency data that also underpins price statistics, and that large deviations such as those discussed around Statistics Norway’s newer model would not be acceptable in transaction and mortgage contexts. The organisation points to the Tax Act as imposing strict methodological limits that, in its view, prevent Statistics Norway from using advances in statistical valuation techniques.

As International Investment experts report, Norway’s January price increase looks resilient, but the critical takeaway is deepening regional fragmentation: stronger economic hubs can sustain price growth even as inventory rises, while weaker areas risk prolonged selling times and thinner liquidity. In a market where listings are climbing alongside prices, pockets of affordability stress can translate into sharper local corrections, and the ongoing valuation-method debate adds regulatory uncertainty that may complicate pricing negotiations and mortgage underwriting dynamics.