Norway House Prices Flat in May Amid Record Second-Hand Sales

Norway's housing market showed stability in May 2025 with flat seasonally adjusted home prices following a slight decline in April, signaling a pause in the recent rally as monetary easing is delayed. Despite stagnant prices, the second-hand housing market experienced record-high sales activity, with regional variations in price changes and faster home sales in cities like Stavanger. In London, the rental market is seeing an increase in available properties, with 40% of current listings being new, which has eased some pressure on renters amid fierce competition. London rental prices remained steady in May 2025, with a slight year-over-year increase but typical seasonal slowdowns in tenant demand and viewing requests. Nationally in the U.S., rent growth has slowed despite a modest month-over-month increase, with rents down year-over-year due to factors including increased housing supply and immigration policies impacting demand. The national rental vacancy rate hit a record high, reflecting ongoing easing of multifamily occupancy amid robust new apartment completions.