The Housing Market in Norway Right Now – And Some Summer Tips for Those Planning to Buy

After a sharp increase in prices earlier this year, the housing market has calmed down somewhat as we head into summer. Prices have remained fairly stable over the past few months, but activity is still high — with many homes being bought and sold. Nationwide, housing prices have risen by 6.6% so far this year.

In June, we saw the first interest rate cut of the year — a modest reduction of 0.25% — but further cuts are expected throughout the autumn as inflation becomes more controlled. So far, this hasn’t had much impact on prices, but it’s quite typical for the housing market to quiet down a bit during the summer months. If interest rates continue to fall, we might see prices rising again this autumn.

However, there are large variations from region to region, so if you are considering buying a home, it’s wise to get an updated overview of the market in the area you’re interested in. Feel free to reach out to me — I’m more than happy to help you explore the opportunities where you want to live.

My Summer Plans – And My Availability for You

This summer, I’m enjoying time here in beautiful Norway — both at the cabin and with family and friends along the southern coast. This year, we also have family visiting from Canada, and we’re looking forward to showing them all the wonderful things our country has to offer.

Even though I’ll be on holiday for most of July, I always keep an eye on the housing market. If something interesting comes up, I’m never far from my phone. In fact, many people choose to list their homes early in the summer holidays, so there can definitely be good opportunities for buyers right now. Don’t hesitate to reach out if something urgent comes up.

A Small Piece of Summer Advice for Those Dreaming of Buying This Autumn
If you’re considering buying a home this autumn, I recommend using the summer wisely. When you have a bit more time and peace, it can be helpful to sit down and make a simple list of your “MUST HAVES” and “NICE TO HAVES” for your next home. This will give you clarity and confidence when the right home appears.

Wishing you a wonderful summer! Enjoy these days — and feel free to reach out if you’d like to have a nice chat about your home-buying plans in the summer sun.

Best wishes
Boligdama – Trude Larsen
e.mail: trude@boligdama.no