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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway House Price Index YoY held to 3.8% in May 2026
FMPMonthlyReleased June 2026
Norway House Price Index YoY held to 3.8% in May 2026, released June 2026. The reading missed the 4.2% consensus by 0.4%. The print is running well below the 12-month average of 5.04%. Over the past 3 months, House Price Index YoY averaged 3.4%, vs 3.6% in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
3.8
Actual
4.2
Consensus
3.8
Previous
Median Absolute Error
±0.26 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 4.2
Actual: 3.8
Error: +0.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.38 | COMMODITIES | Bearish XAU | → View |
| USD/NOK | ▲ Direct | +0.38 | FOREX | Bullish USD | → View |
| EUR/NOK | ▲ Direct | +0.32 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
House Price Index YoY (Norway) was reported at 3.8% in June 2026. This missed the market consensus of 4.2% by 0.4%. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 4.93%, ranging from 3% to 6.2% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 3.67%, down from the prior three at 5.83%. Volatility over the past year (σ 1.05%) is lower than the prior year (σ 1.76%). In June readings over the past 3 years, House Price Index YoY has averaged 3.57%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/NOK, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.26%.
WHAT TO WATCH NEXT
The next release is scheduled for July 3, 2026. Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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House Price Index YoY - NO
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About House Price Index YoY — Norway
DEFINITION
The House Price Index YoY (Year-over-Year) is a key financial indicator that measures the change in the average selling price of residential properties over a 12-month period. It provides valuable insights into the overall health and trends of the housing market, allowing investors, policymakers, and individuals to make informed decisions about buying, selling, or investing in real estate. A positive YoY change indicates a rise in property values, while a negative change suggests a decline. This indicator is widely used by economists and analysts to assess the strength of the housing sector and its impact on the broader economy.
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 (May 2026): actual 3.8 %, consensus 4.2 %. Prior reading (Apr 2026): 3.8 %. Before that (Mar 2026): 3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.