# Norway housing market trends and expectations

> Live situation record from CLSTR: https://clstr.news/situations/norway-housing-market-trends-and-expectations
> Updated: 2026-08-25T06:01:04.000Z. Sources: 8. Developments: 2.

The Oslo housing market has recently faced a downturn, with prices dropping 2 percent in July and a cumulative decline of 0.8 percent for the year. Analysts have linked this trend to high interest rates and an increased supply of rental properties being sold. Unsold housing inventory has reached levels not seen since before the financial crisis.

Despite this decline, long-term outlooks remain mixed. While some economists project strong price growth of 7.5 percent by 2028 due to structural housing shortages, current consumer sentiment shows a divide between rate expectations and price forecasts. According to the August Housing Market Barometer, 62 percent of Norwegian households expect mortgage rates to be higher in one year. However, 65 percent of households still anticipate that housing prices will rise over the next twelve months.

## Timeline

### 2026-08-25: Norwegian households expect higher mortgage rates and rising home prices

A new NBBL report shows 62% of Norwegian households expect higher mortgage rates in a year, though 65% still anticipate rising housing prices despite recent market fluctuations.

3 sources. https://clstr.news/cluster/norwegian-households-expect-higher-mortgage-rates-and-rising-home-prices

### 2026-08-17: Oslo housing market faces decline amid high interest rates

Oslo's housing market has seen recent price declines due to high interest rates, but analysts predict a significant recovery by 2028 driven by housing shortages and wage growth.

6 sources. https://clstr.news/cluster/oslo-housing-market-faces-decline-amid-high-interest-rates

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Cite as: Norway housing market trends and expectations. CLSTR, https://clstr.news/situations/norway-housing-market-trends-and-expectations