The house price statistics from the Real Estate Norway, Finn.no and Property Value shows that house prices fell 0.1 percent on a monthly basis in September.
Adjusted for seasonal variations, house prices rose 0 , 7 percent on a monthly basis.
DNB Markets expected that house prices would rise 0.5 percent, seasonally adjusted, in September.
The difference between actual and seasonally adjusted price change indicates that September is a month normally has a weaker price trends than average month.
House prices are now 3.6 per cent higher than the same time last year.
Record high housing sales
9,328 homes were sold in September – the highest number for that month ever, and 8.3 percent more than in the same month last year.
So far this year, 66,442 homes sold, 2.9 percent more than the same time last year.
Average turnover time was 36 days in September, up from 30 days in the same month last year, down from 41 days in August.
The stock of homes for sale on Finn.no is now at 13,848. It’s down 12.6 percent from last year and down 5 percent from August.
– The number of unsold homes is down and sales currently fall. If this trend continues, we may have a more positive impact on prices in the last quarter of 2014 than is normal, says Norway Property Director Christian Vammervold Dreyer said in a statement.
– Developments in September testify stable housing market. There has been significant activity, and it has been sold many homes. Despite a small decline in house prices, this is a solid performance, as demonstrated with a seasonally adjusted rise of 0.7 percent, he adds.
Tromsø keep moving, red in Sandnes
Most major cities experienced price increases in September.
Oslo and Tromsø (again) with the strongest growth by 0.4 and 0.5 percent, while the price decline in Stavanger was at 0 , 6 percent.
Most big cities are also experiencing inflation in the last 12 months.
Tromso is still strongest with 13.4 per cent rise, while Bodo follows almost 7.3 percent.
Sandnes and Stavanger weakest price changes with a decrease respectively. 2.3 and 0.6 percent.
Correction of OBOS
Previously it has been known that the average square meter price for used OBOS-related properties in the Oslo area fell 3.2 per cent from August to September.
This year, prices for used OBOS-related properties in the Oslo area increased by 10.5 percent.
– fall is a natural correction after prices rose by 5.9 percent in August. Nevertheless, the trend is that the arrow points clear upward in contrast to last fall where everything indicates a downward curve, said OBOS boss Martin Mæland.
Correction of Warranty
Guarantee Real Estate also reported sharp correction, and price decline in condominium apartments which was 3.5 per cent from August to September.
Over the past 12 months, prices have risen 2.9 percent.
We come with more on housing prices throughout the day. Property Norway director Christian V. Dreyer talks to HegnarTV about house prices in Friday’s broadcast, which begins at 1:30 p.m. as usual on Fridays.
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