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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway House Price Index YoY climbed to 2.6% in August 2026
FMPMonthlyReleased September 2026
Norway House Price Index YoY climbed to 2.6% in August 2026, released September 2026, up 0.4% from July's 2.2% reading. The print exceeded the 2.0% consensus by 0.6%. The print is running well below the 12-month average of 4.47%. The reading is in the 7th percentile of the trailing 24-month range.
Latest Release
2.6
Actual
2
Consensus
2.2
Previous
Median Absolute Error
±0.34 percentage points
across last 12 releases
Last Call
Sep 2026
Predicted: 1.05
Actual: 2.6
Error: -1.55
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.61 | COMMODITIES | Moves against | → View |
| EUR/NOK | ▲ Direct | +0.42 | FOREX | Moves with | → View |
| Euro STOXX 50 | ▼ Inverse | −0.36 | INDEX | Moves against | → View |
| USD/NOK | ▲ Direct | +0.28 | FOREX | Moves with | → View |
| FTSE 100 | ▼ Inverse | −0.26 | 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 YoY (Norway) was reported at 2.6% in September 2026. This beat the market consensus of 2% by 0.6%. The reading rose from the previous value of 2.2%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 4.16%, ranging from 2.2% to 6.2% across 8 releases.
WHY IT MATTERS
The trailing three releases averaged 2.87%, down from the prior three at 4.47%. Volatility over the past year (σ 1.43%) is higher than the prior year (σ 1.04%). In September readings over the past 3 years, House Price Index YoY has averaged 3.8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with EUR/NOK, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.34%.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026. Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 2.6 %, consensus 2 %. Prior reading (Jul 2026): 2.2 %. Before that (May 2026): 3.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.61) — a useful reference for commodities-focused traders.
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Economic Calendar - NO Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Balance of Trade | 100.4 | 88.8 | 95.1 | 97.75 | Low |