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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway House Price Index MoM fell to 0.3% in September 2026
FMPMonthlyReleased October 2026
Norway House Price Index MoM fell to 0.3% in September 2026, released October 2026, down 0.5% from August's 0.8% reading. The print exceeded the 0.1% consensus by 0.2%. The print is running well above the 12-month average of 0.26%. Over the past 3 months, House Price Index MoM averaged -0.15%, vs 0.35% in the prior 3-month window. The reading is in the 43rd percentile of the trailing 24-month range.
Latest Release
0.3
Actual
0.1
Consensus
0.8
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.18
Actual: 0.3
Error: -0.47
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/NOK | ▲ Direct | +0.48 | FOREX | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.27 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
House Price Index MoM (Norway) was reported at 0.3% in October 2026. This beat the market consensus of 0.1% by 0.2%. The reading fell from the previous value of 0.8%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.19%, ranging from -1.1% to 0.8% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 0%, down from the prior three at 0.13%. Volatility over the past year (σ 0.57%) is higher than the prior year (σ 0.45%). In October readings over the past 3 years, House Price Index MoM has averaged 0.37%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/NOK (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.39%.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include Interest Rate Decision (Nov 5).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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House Price Index MoM - NO
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About House Price Index MoM — Norway
DEFINITION
The House Price Index MoM (Month-over-Month) is a key financial indicator that measures the percentage change in the average selling price of residential properties in a given market from one month to the next. It provides valuable insights into the current state of the housing market and can help investors, policymakers, and individuals make informed decisions about buying or selling real estate. This indicator is widely used by economists and analysts to track trends and identify potential risks or opportunities in the housing sector.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 0.3 %, consensus 0.1 %. Prior reading (Aug 2026): 0.8 %. Before that (Jul 2026): -1.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/NOK (Bullish EUR, r=0.48) — a useful reference for forex-focused traders.
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Economic Calendar - NO Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | NO | Unemployed Persons | 61.9 | 61.5 | 61.5 | 61.70 | Low |
| 07:00 | NO | Unemployment Rate n.s.a | 2 | 2 | 2 | 2.00 | Low |