Norwegian house price growth eased at the start of 2026, with the House Price Index rising 4.20% year-on-year in January, down from 5.00% in December 2025. The latest reading, updated on 4 February 2026, indicates a moderation in the pace of annual home price increases.
Both the current and previous figures compare the given month with the same month a year earlier, meaning January’s 4.20% reflects how prices have changed since January 2025, while December’s 5.00% measured the change versus December 2024. The deceleration suggests that, although Norway’s housing market continues to register annual gains, upward pressure on prices has softened slightly heading into 2026.
The cooling in year-on-year growth may hint at a gradual rebalancing in the market after a stronger price phase, but house prices remain notably higher than a year ago, underscoring ongoing resilience in Norwegian residential property values.
