Norwegian housing market momentum eased in February 2026, with the House Price Index rising 3.00% year-over-year, down from a 4.20% annual increase recorded in January 2026. The latest data, updated on 4 March 2026, points to a noticeable moderation in price growth after a stronger start to the year.
The figures compare price changes in each month against the same month a year earlier. While January’s reading showed a 4.20% gain versus January 2025, February’s 3.00% increase suggests a slower pace of appreciation relative to February 2025. This deceleration may indicate a cooling phase in Norway’s housing market after a period of more robust annual growth.
For investors and policymakers, the softer February reading could signal stabilizing conditions in residential property, potentially affecting expectations around household wealth, consumer confidence, and future housing-related activity in Norway.
