House prices fell in July – Moss Avis

The housing market declined 1.1 percent in July.

For the first time since the fall 2013 house prices fell in both nominal and seasonally adjusted in the holiday month of July. Housing prices for the country as a whole fell 1.1 percent last month.

Oslo is the exception with a growth of 0.2 percent. House prices in Norway are now 6.8 percent higher than one year ago.

Decline in Moss

– In Moss has had an overall decline of 0.7 percent, and greatest decline in shared homes that have been 3.3 per cent. Homes for sale is now on average 39 days to appear before it is sold, says Jeanette Hornsletten, general manager of DNB property in Moss in a statement.

– It is unclear whether the market has calmed down, says Jeanette Hornsletten DNB Property. (Photo: Jon Gran )

According Hornsletten has been great interest in apartments which have been put up for sale, and most are sold shortly after first viewing.

There have been fewer homes for sale and consequently fewer sold this July month compared with previous years. It was totally sold 4,086 existing homes now in July, which was 5.2 percent fewer than in the same month last year.

– The market has taken a break, but we expect that much will be posted in August, so we get a significantly higher sales this past August. Whether the market now settles on a high price level, or whether it should be further up or down will only be revealed in the autumn, says Hornsletten.

NEW INTERACTIVE MAP: Check what homes in moss district sold for

Price increase only in Oslo

Oslo also differs this month with demand and growth well above the national average. Prices are up 0.2 percent for the city as a whole, and there are districts near the city that take prices up by an increase of between 0.5 and 0.7 percent.

The prices in neighborhoods mere 10-20 minutes away from downtown fall by between -0.3 and -0.8 per cent. In other words, a large variation in inflation from district to district, but capital is still far from the national average.

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Quiet housing

The figures from July confirms that the housing market in Norway is mainly is relatively calm and normal inflation. With two exceptions: Oslo and Rogaland. The mismatch between supply and demand in the central capital is not something that can be solved quickly. Rogaland characterized by increasing unrest in oil-related activities, but there is still good demand for housing in the oil region.

Price developments in our major cities: