ap r i l 2 0 2 0 · - nominal prices grew 0.5 percent in april - seasonally adjusted down 0.2...

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


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%


-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


21


-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


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


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%


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


32


-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%


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


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


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%


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


49


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%


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


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


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%


-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


72


-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%


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


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


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%


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


65


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%


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


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


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%


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


53


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%


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


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


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

ap r i l 2 0 2 0 · - nominal prices grew 0.5 percent in april - seasonally adjusted down 0.2...

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