April 2020 Eiendomsverdi AS
The Norwegian Housing Market
Nominal pricechange
0.5%
Price change same month historically
0.0%
0.5%
1.0%
1.5%
2.0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.2%
0.5%
0.9%
1.2% 1.2%1.3%
1.5%
0.5%
1.8%
0.8%0.5%
Executive summary
Up for sale
8,523Sold
7,038
- The house prices remained unchanged, although most experts predicted a price fall - Nominal prices grew 0.5 percent in April - Seasonally adjusted down 0.2 percent - Nominal price growth in all major cities except Oslo - 7 038 sold, 10 percent lower than April 2019 - 8 523 up for sale, 2 percent lower than April 2019
Average number oftransaction days
55
Seasonally adjustedprice change
-0.2%12 month price
change
1.2%
100
200
Inde
x (lo
g)
2005 2010 2015 2020
Seasonally adjusted Nominally
Nominal and seasonally adjusted price changeNorway
-10%
0%
10%
20%
2004 2006 2008 2010 2012 2014 2016 2018 2020
8.1%
1.2%
17.3%
-8.1%
13.0% 13.1%
-2.3%
Nominal monthly and 12 month price changeNorway
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
-0.3
%
0.7%
0.2%
1.2%
1.0%
0.3%
1.6% 1.
2%
0.5%
0.9%
1.2%
1.2% 1.
3%
1.5%
0.5%
1.8%
0.8%
0.5%
Month
0K
5K
10K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
7,290 7,729
9,880
6,671
9,213
10,439
7,098
8,5738,043
8,8759,526
7,840
10,103 10,218
8,300
9,5068,655 8,523
Up for saleNorway
YTD
0K
10K
20K
30K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
25,88428,394
29,991 29,34032,808 32,345
24,68827,774
29,30230,783 30,429 29,200
33,04830,664 31,505 30,566
32,858 32,056
Month
0K
2K
4K
6K
8K
10K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
4,2665,001
6,960
5,1375,801
8,203
5,4276,109 6,002
6,714
8,302
7,147
8,1588,940
6,440
8,072 7,8507,038
SoldNorway
YTD
0K
10K
20K
30K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
16,53319,363 20,689
22,74424,395 25,234
21,13922,803
24,82626,488 26,758 26,556
30,00327,583 26,944 27,922
29,64628,289
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2016 2017 2018 2019 2020
UnsoldNorway
0
20
40
60
80
100
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
4752
30
51
37 3538
353337
4138
44
61
3835
47
3834
40
58
38
58
49
43
49
4341
54
47
63
71
42
61
43 45 4752
47
53
61
67
55
65
2016 2017 2018 2019 2020
Time on marketNorway
Age of inventory (unsold stock)Norway
0
20
40
60
80
100
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
81
71
36
67
43
52
64
44
50
79
46
37
75
31
59
3940
545560
39
47
31
47
65
59
70
4244
2016 2017 2018 2019 2020
Sell/ask spreadNorway
-6%
-4%
-2%
0%
2%
4%
6%
2005 2010 2015 2020
0.7%
-1.1
%
5.6%
-5.8
%
-1.7
%
-1.8
%
1.2%
4.3%
4.0%
1.2%
5.5%
0.6%
4.1%
5.5%
0.1%
4.7%
3.8%
Price developmentComparable countries
100
150
200
250
300
Index
2000 2005 2010 2015 2020
Denmark Netherlands Norway Sweden UK USA
Source: S&P Case-Shiller Home Price Indices Composite 20, Realkredittrådet, Hometrack, Calcasa, SCB, Eiendomsverdi
Regions Executive summary
Regions Price changelast month
Price change12 months
Price change5 years
Up for sale Sold
Avg. transactiondays
Ave. sqm.price(last 6 months)
Median price(last 6 months)
Norge
Viken m/Oslo
Midt-Norge
Agder og Rogaland
Vestlandet
Vestfold og Telemark
Nord-Norge
Innlandet
0.5 %
0.0 %
1.2 %
0.7 %
1.5 %
0.9 %
1.2 %
0.9 %
1.2 %
1.2 %
1.0 %
-1.1 %
1.3 %
2.4 %
2.4 %
1.7 %
20 %
31 %
10 %
-2 %
5 %
20 %
18 %
22 %
8,523
3,597
1,083
1,153
953
725
516
496
7,038
3,007
881
845
780
615
502
408
55
34
77
99
51
51
75
67
42,388
56,458
33,342
28,570
37,332
27,901
32,021
25,108
3,200,000
3,850,000
2,725,000
2,603,273
2,890,000
2,607,000
2,780,000
2,358,482
Price development
100
150
200
250
2005 2010 2015 2020
Agder og Rogaland Innlandet Midt-Norge Nord-Norge Norge Vestfold og Telemark Vestlandet Viken m/Oslo
Område Price changelast month
Price change12 months
Price change5 years
Avg. transactiondays
Up for sale Sold
Ave. sqm.price(last 6 months)
Median price(last 6 months)
Norge
Oslo
Bergen
Trondheim
Stavanger m/omegn
Kristiansand
Tromsø
0.5 %
-0.7 %
1.4 %
1.2 %
0.5 %
0.8 %
0.9 %
1.2 %
1.6 %
1.5 %
1.0 %
-2.4 %
1.6 %
3.3 %
20 %
34 %
5 %
11 %
-9 %
8 %
15 %
55
21
32
49
72
65
53
8,523
1,705
642
503
420
248
144
7,038
1,428
534
419
314
178
128
42,388
73,695
43,145
44,830
34,804
29,759
48,328
3,200,000
4,169,394
2,988,646
3,120,000
3,100,000
2,513,056
3,571,000
Price development
100
150
200
250
300
2005 2010 2015 2020
Bergen Kristiansand Oslo Stavanger m/omegn Tromsø Trondheim
Price change - last month and 12 months
-3%
-2%
-1%
0%
1%
2%
3%
4%
Bergen
TrondheimTromsø
Kristiansand
Norge
Stavanger m/omegn
Oslo
1.4%1.2%
0.9%0.8%
0.5% 0.5%
-0.7%
1.0%
3.3%
1.6%
1.2%
-2.4%
1.6%
Price change last month Price change 12 months
Largest citiesExecutive summary
12 months rolling
15,000
20,000
25,000
30,000
35,000
40,000
1995 2000 2005 2010 2015 2020
Building permits (12 months rolling) Completions (12 months rolling)
New dwellings Norway
Source: SSB
Nominal pricechange
-0.7%
Price change same month historically
-1%
0%
1%
2%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0.8%1.0% 0.9%
0.0%
2.4%
1.3%
2.4%
-0.7%
2.4%
0.6%
-0.7%
Oslo Executive summary
Up for sale
1,705Sold
1,428
- Nominal prices down 0.7 percent, seasonally adjusted down 1.0 percent - 12 month price growth 1.6 percent, down from 2.9 percent last month - Number of sales down 23 percent compared to 2019, up for sale on level with 2019 - Sell/ask spread negative (marginally) for the first time since December 2017
Average number oftransaction days
21
Seasonally adjustedprice change
-1%12 month price
change
1.6%
-20%
-10%
0%
10%
20%
30%
2004 2006 2008 2010 2012 2014 2016 2018 2020
9.2%
1.6%
26.0%
-11.7% -10.5%
20.0%
-6.0%
Nominal monthly and 12 month price changeOslo
-2%
-1%
0%
1%
2%
3%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
-1.8
%
-1.5
%
0.0%
1.5%
0.3%
-0.2
%
1.7%
0.8% 1.0%
0.9%
0.0%
2.4%
1.3%
2.4%
-0.7
%
2.4%
0.6%
-0.7
%
Up for sale last month
0K
1K
2K
3K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1,80
2
1,98
4
2,71
0
1,73
7
2,32
4
2,30
9
1,53
0
2,16
4
1,94
1
2,11
2
2,27
5
1,38
3
2,35
1
2,29
0
1,80
5 2,04
1
1,71
9
1,70
5
Volumes Oslo
Up for sale YTD
0K
2K
4K
6K
8K
10K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
6,71
4 7,63
1
7,97
0
7,95
4
8,37
1
7,50
3
5,35
6
6,80
3
7,07
3
7,18
6
7,32
6
6,15
6
7,70
2
6,93
2
6,94
8
6,17
1 7,12
3
6,88
3
Sold last month
0
500
1,000
1,500
2,000
2,500
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
1,06
5 1,37
4
1,93
9
1,41
4
1,40
9
1,89
1
1,22
8 1,47
1
1,38
1
1,54
9
1,95
8
1,52
0
1,93
6
2,09
6
1,35
0 1,71
1
1,84
9
1,42
8
Sold YTD
0K
2K
4K
6K
8K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
4,17
0
5,40
3
5,84
3
6,39
4
6,51
9
6,07
9
4,87
9 5,48
2
5,94
5
6,30
7
6,44
1
5,94
3 7,17
4
6,38
4
5,72
5
6,11
3
6,64
4
6,11
4
0
5
10
15
20
25
30
35
40
45
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
19
15
20
1314
1513
15 1513
151414
39
13
34
27
31
13
21
28
33
17
41
36
23
36
29
26
30
2425
34
37
33
21
2526
24
3032
20
2016 2017 2018 2019 2020
Time on marketOslo
Age of inventory (unsold stock)Oslo
0
10
20
30
40
50
60
70
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
25
44
8
42
9
13
811 11
13
9 811
66
10
36
1416
10
52
19
42 43
6663
16
25
45
34
41
17
30
48
21
33
6360
27
53
25
37
24
34
42
25
29
57
27
20
35
2016 2017 2018 2019 2020
0
500
1000
1500
2000
2500
3000
2016 2017 2018 2019 2020
UnsoldOslo
Sell/ask spreadOslo
-5%
0%
5%
10%
15%
2005 2010 2015 2020
0.8%
0.0%
14.9
%
-6.5
%
-1.6
%-0.3
%
10.2
%
3.2%
9.7%
6.6%
5.9%
3.0%
Nominal pricechange
1.4%
Price change same month historically
0%
1%
2%
3%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0.4%
-0.4%
0.1%
2.7%
1.2%
0.8%
1.8%
2.2% 2.8%
1.0%
1.4%
BergenExecutive summary
Up for sale
642Sold
534
- Nominal prices up 1.4 percent, seasonally adjusted down 0.1 percent - 12 month price growth at 1.5 percent - As March, April saw only slight reductions in the number of transactions and new listings compared to the same month previous years - Time on market now 32 days
Average number oftransaction days
32
Seasonally adjustedprice change
-0.1%12 month price
change
1.5%
-20%
-10%
0%
10%
20%
30%
2004 2006 2008 2010 2012 2014 2016 2018 2020
17.8%
1.5%
22.0%
-12.0%
21.7%
16.0%
8.3%
Nominal monthly and 12 month price changeBergen
-2%
-1%
0%
1%
2%
3%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
2.1%
-1.5
%
0.4%
1.5%
0.4%
-0.1
%
0.7%
0.4%
-0.4
%
0.1%
2.7%
1.2%
0.8%
1.8%
2.2%
2.8%
1.0% 1.
4%
Up for sale last month
0
200
400
600
800
1,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
528
523 61
4
422
714
839
506 54
4
554
661
661
615
769
720
587 66
7
659
642
Volumes Bergen
Up for sale YTD
0K
1K
2K
3K
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1,90
9
1,98
2
1,96
7
2,07
5 2,64
5
2,58
9
1,73
7
1,87
6 2,13
7
2,24
0
2,07
4
1,98
2 2,34
5
2,26
9
2,22
9
2,13
8
2,26
1
2,23
9
Sold last month
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
314 33
6
437
381
387
574
435
416 46
8
481
622
514
620
648
469
566
556
534
Sold YTD
0
500
1,000
1,500
2,000
2,500
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
1,22
9
1,28
2
1,38
3 1,71
2
1,64
3
1,77
7
1,58
2
1,56
4 1,82
8
1,93
9
1,82
7
1,78
1 2,09
8
1,95
6
1,90
9
1,96
1
2,02
3
1,94
9
0
10
20
30
40
50
60
70
80
90
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
32
37
20
31
2220
2323 2422
2525
51
18
27
32
22
30
35
45
54
3535 34
25
3940
29
34
42
26
4442
3031
42
37
48
3231
47
2016 2017 2018 2019 2020
Time on marketBergen
Age of inventory (unsold stock)Bergen
0
10
20
30
40
50
60
70
80
90
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
63 63
24
30
53
31 32 3133
28
3939
18
36
47
26
51
24
42
25
46
72
67
52
40
57
76
70
29
57
41
65
34
2016 2017 2018 2019 2020
0
200
400
600
800
1000
2016 2017 2018 2019 2020
UnsoldBergen
Sell/ask spreadBergen
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
2008 2010 2012 2014 2016 2018 2020
0.5%
0.2%
8.6%
-5.1
%
1.0% 1.
2%
8.1%
-1.8
%
-0.4
%
2.0%
4.4%
2.3%
2.1%
1.0%
Nominal pricechange
1.2%
Price change same month historically
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.1%
1.5%
0.9%
2.1%
0.9%
1.8%
0.1% 0.1%
1.8%
0.5%
1.2%
TrondheimExecutive summary
Up for sale
503Sold
419
- Nominal prices up 1.2 percent, seasonally adjusted up 0.3 percent - 12 month price change now 1.0 percent - 13 percent reduction in number of transactions compared to April 2019 - April gave a further increase in the number of unsold in Trondheim
Average number oftransaction days
49
Seasonally adjustedprice change
0.3%12 month price
change
1%
-10%
0%
10%
20%
2004 2006 2008 2010 2012 2014 2016 2018 2020
13.0%
1.0%
16.8%
-9.4%
14.1%13.9%
9.9%
Nominal monthly and 12 month price changeTrondheim
0%
1%
2%
3%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.0%
3.1%
0.0%
0.4%
0.1%
-0.1
%
2.2%
1.1%
1.5%
0.9%
2.1%
0.9%
1.8%
0.1%
0.1%
1.8%
0.5%
1.2%
Up for sale last month
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
388 42
4 478
347
504
634
351 41
4
394 41
6
541
503 55
8
520
479 51
6
529
503
Volumes Trondheim
Up for sale YTD
0
500
1,000
1,500
2,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
1,30
7
1,43
9
1,52
1
1,62
9
1,99
6
1,83
9
1,24
1 1,45
8
1,45
6
1,53
5
1,70
6
1,62
6
1,84
5
1,66
3
1,82
4
1,74
1
1,88
1
1,80
8
Sold last month
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
234
349 37
8
280 33
3
433
304 36
0
332 37
1
541
407
545
498
375
473
481
419
Sold YTD
0
500
1,000
1,500
2,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
890
1,14
0
1,02
4 1,32
0 1,51
6
1,36
3
1,19
7
1,27
4
1,32
6
1,47
5
1,62
9
1,59
6
1,87
4
1,69
0
1,69
9
1,70
2
1,83
3
1,63
8
0
10
20
30
40
50
60
70
80
90
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
30
47
1820
32
26 262622
2022
26
52
19
2729
21
2628
43
22
50
67
30
38
4644
39
5148
33
40 41
59
34
60
41
4844
5456
49
35
52
2016 2017 2018 2019 2020
Time on marketTrondheim
Age of inventory (unsold stock)Trondheim
0
10
20
30
40
50
60
70
80
90
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
39
66
16
25
46
28
44
19
2932
2630
3632
40
1922
54
23
34
42
68
75
27
41
52
39
57
41
28
4548
79
55
30
38
50
59
2016 2017 2018 2019 2020
0
200
400
600
800
2016 2017 2018 2019 2020
UnsoldTrondheim
Sell/ask spreadTrondheim
-4%
-2%
0%
2%
4%
6%
8%
2010 2012 2014 2016 2018 2020
-3.5
%
-0.7
%
7.7%
-1.4
%
1.4%
6.8%
4.9%
-1.7
%
7.2%
1.0%
3.9% 4.
4%
1.8%
3.0%
Nominal pricechange
0.5%
Price change same month historically
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.8%
0.5%
1.0%1.2%
-0.2%
0.1%0.3%
1.3% 1.3%
0.0%
0.5%
Stavanger areaExecutive summary
Up for sale
420Sold
314
- Nominal prices up 0.5 percent, seasonally adjusted down 0.1 percent - 12 month price growth -2.4 percent - 16 percent reduction in transactions. Up for sale down by 7 percent - Only a slight increase in the number of unsold
Average number oftransaction days
72
Seasonally adjustedprice change
-0.1%12 month price
change
-2.4%
-10%
0%
10%
20%
30%
40%
2004 2006 2008 2010 2012 2014 2016 2018 2020
12.6%
-2.4%
32.7%
-9.2%-8.5%
9.8%
15.5%
Nominal monthly and 12 month price changeStavanger Area
-2%
-1%
0%
1%
2%
3%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
-1.5
%
0.5% 0.
7%
2.2%
1.8%
-0.3
%
0.6%
1.8%
0.5% 1.
0% 1.2%
-0.2
%
0.1% 0.
3%
1.3%
1.3%
0.0% 0.
5%
Up for sale last month
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
385 41
7
524
309
476
651
412
491
407
539
641
439
609
427
432
542
451
420
Volumes Stavanger area
Up for sale YTD
0
500
1,000
1,500
2,000
2,500
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
1,38
1
1,46
6 1,75
2
1,43
7 1,67
5 1,91
4
1,60
1
1,59
5
1,71
7
1,83
1
1,83
0
1,81
0 2,09
3
1,50
0 1,71
7
1,79
2
1,87
6
1,65
8
Sold last month
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
215 26
2
426
263 31
7
569
367 382
332 37
4
490
406
378
379
299
403
374
314
Sold YTD
0
500
1,000
1,500
2,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
860 1,
071
1,19
3
1,13
9
1,24
3
1,59
9
1,42
2
1,40
5
1,49
0
1,60
4
1,54
0
1,61
7
1,61
4
1,13
1 1,36
5
1,40
3
1,53
0
1,40
6
0
20
40
60
80
100
120
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
83
73
115
7377 7979
83 8279 81
100
79
9296
55 55
616266
63 6367
70
103102
69
76 76
96
82
104
95
72
65
87
676873
8988
79
96
7274
92
2016 2017 2018 2019 2020
Time on marketStavanger area
Age of inventory (unsold stock)Stavanger area
0
20
40
60
80
100
120
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
97
82
102
61
99
777983
65
8378
98
89
49 51
79
49
72
55
72
49 49
71
4650
54
76
5853 53
83
6368
83
45
2016 2017 2018 2019 2020
0
200
400
600
800
1000
1200
1400
2016 2017 2018 2019 2020
UnsoldStavanger area
Sell/ask spreadStavanger area
-8%
-6%
-4%
-2%
0%
2%
4%
6%
2008 2010 2012 2014 2016 2018 2020
1.7%
-2.9
%
5.8%
-6.0
%
1.9%2.
3%
-2.7
%
-5.2
%
3.3%
-1.0
%
3.8%
1.0%
1.9% 2.1%
4.0%
0.3%
-2.0
%
-0.1
%
-3.9
%
3.7%
Nominal pricechange
0.8%
Price change same month historically
0.0%
0.5%
1.0%
1.5%
2.0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0.0%
0.6%0.5%
0.3%
0.7%
1.5%
0.9%
1.5%
0.3%
0.8%
KristiansandExecutive summary
Up for sale
248Sold
178
- Nominal prices up 0.8 percent, seasonally adjusted flat - 12 month price growth now at 1.6 percent in Kristiansand - Number of transactions fell by 21 percent - The seasonal development in the number of unsold follows the patterns from earlier years
Average number oftransaction days
65
Seasonally adjustedprice change
0%12 month price
change
1.6%
-10%
0%
10%
20%
2004 2006 2008 2010 2012 2014 2016 2018 2020
8.9%
1.6%
24.0%
-8.7%
14.7%
8.0%
-6.1%
Nominal monthly and 12 month price changeKristiansand
-2%
-1%
0%
1%
2%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
-1.8
%
0.8%
0.3%
1.9%
1.4%
-0.5
%
0.7%
1.2%
0.0%
0.6%
0.5%
0.3%
0.7%
1.5% 0.
9%
1.5%
0.3%
0.8%
Up for sale last month
0
100
200
300
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
153
206 23
7
167
221
300
224
268 27
9 290
262
233 26
3
303
258 28
9 302
248
Volumes Kristiansand
Up for sale YTD
0
500
1,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
538
695 735
744 81
4 922
703 81
2 862 90
3
837
762
896
843 90
0
852 1,
015
858
Sold last month
0
100
200
300
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
85
140 16
5
133
163
253
170 19
4 209 21
8
204 21
4
208 22
1
195
193
225
178
Sold YTD
0
200
400
600
800
1,000
20032004
20052006
20072008
20092010
2011 20122013
20142015
20162017
20182019
2020
319
501
520
538
687 76
4
658
677 707
721
703
677
798
715 77
7
707
832
713
0
20
40
60
80
100
120
140
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
63
100
6164
76 7480
71 73
6661
72
85
122
53
74
87
6865
80
54
7872
77
9197
60
69
81
104
8280
65
100
82
2016 2017 2018 2019 2020
Time on marketKristiansand
Age of inventory (unsold stock)Kristiansand
0
20
40
60
80
100
120
140
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
95
83
109
49
84
6362
7471
68
88
53
93
79
55
67
77
64
47
8276
36
73
555660 60 61
74
50
40
86
41
484544
2016 2017 2018 2019 2020
0
100
200
300
400
500
600
700
2016 2017 2018 2019 2020
UnsoldKristiansand
Sell/ask spreadKristiansand
-6%
-4%
-2%
0%
2%
4%
2008 2010 2012 2014 2016 2018 2020
1.9%
-1.6
%
3.3%
-6.5
%
1.6%
3.2%
1.5%
-3.2
%
-3.7
%
-0.7
%
2.6%
-0.9
%
-3.0
%
-0.3
%
-0.7
%
0.7%
-3.3
%
0.3%
-3.8
%
-0.2
%1.
9%
Nominal pricechange
0.9%
Price change same month historically
0%
1%
2%
3%
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
0.4%
1.0%
0.5%
2.5%
1.7%2.1%
0.0%
0.1%
1.8%
0.9% 0.9%
TromsøExecutive summary
Up for sale
144Sold
128
- Nominal prices up 0.9 percent, seasonally adjusted up 0.2 percent - 12 month price growth remains at 3.3 percent - A sharp increase in both transactions and up for sale compared to April 2019 - Sell/ask spread -1.8 percent
Average number oftransaction days
53
Seasonally adjustedprice change
0.2%12 month price
change
3.3%
-10%
0%
10%
20%
2004 2006 2008 2010 2012 2014 2016 2018 2020
17.6%
3.3%
19.4%
-12.1%
18.6%
10.5%
16.5%
Nominal monthly and 12 month price changeTromsø
0%
1%
2%
3%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
1.6%
2.7%
1.0%
0.0%
0.4%
-0.2
%
1.7%
0.4%
1.0%
0.5%
2.5%
1.7%
2.1%
0.0%
0.1%
1.8%
0.9%
0.9%
Up for sale last month
0
50
100
150
200
250
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
107 12
4
203
172
226
147
112
99
131
116
115
118
142 16
3
148
139
128 14
4
Volumes Tromsø
Up for sale YTD
0
200
400
600
800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
342
510 58
7
685
763
578
403
415 47
6
483
450
437
532
516 54
3
492 512
497
Sold last month
0
50
100
150
200
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
43
85
120
102 12
0
85
63
72 79
112 12
3
121 13
1
161
100
139
96
128
Sold YTD
0
200
400
600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
195
376
318
490
490
307
237 28
4
354
428
409
394
483 50
3
441 47
5
441
442
0
20
40
60
80
100
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
44
70
30 31
53
3437
33
48
34
40
32
40
4851
22
40
27
3338 38
33
6158
67
39
47
58
50
44
50
58
36
5753
4145
56
47 4646
53
75
2016 2017 2018 2019 2020
Time on marketTromsø
Age of inventory (unsold stock)Tromsø
0
20
40
60
80
100
Januar
FebruarMars April Mai
JuniJuli
August
September
Oktober
November
Desember
77
70
22
32
42
32
49
41 40
24
42
75
25
36
52
2931
52
61
27
5047
85
67
47
40
61
4946
54
67
55
43
93
44
85
2016 2017 2018 2019 2020
0
50
100
150
200
250
300
2016 2017 2018 2019 2020
UnsoldTromsø
Sell/ask spreadTromsø
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
2008 2010 2012 2014 2016 2018 2020
-4.9
%
-1.8
%
3.5%
-8.6
%
3.4%
-2.3
% -1.7
%
-1.6
%
-7.9
%
2.8%3.5%
-2.2
%
1.5%
-1.9
%-1.1
%
-3.6
%
0.2%
-4%
-3%
-2%
-1%
0%
1%
2%
3%
4%
2005 2010 2015 2020
Eiendomsverdi’s estimates1.6 percent lower than observed transaction prices
Contact informationEiendomsverdi AS Tel: 23 00 28 20 www.eiendomsverdi.no