Norway’s housing market showed a slight acceleration in annual price growth in June 2026, with the House Price Index rising 3.90% year-over-year, up from 3.80% in May 2026. The latest data, updated on 3 July 2026, indicate a modest but continued strengthening in residential property values.
The comparison is based on year-over-year changes, meaning June 2026 prices are measured against those in June 2025, while the previous reading compared May 2026 to May 2025. The incremental increase in the growth rate suggests that, although the market is not overheating, underlying demand remains firm and price momentum is gradually building.
For market participants, the uptick in June adds to evidence of a steady, rather than explosive, price cycle—an environment that could influence expectations for household borrowing, construction activity, and policymakers’ assessments of housing-related financial stability risks in the months ahead.