Norway’s House Prices Flat in May as Property Market Cools

Norway’s adjusted home prices stayed put last month, adding evidence that the market is taking a break from a recent rally as monetary easing is postponed.

Prices were unchanged on a seasonally adjusted basis in May, following a 0.2% decline in April that was the first in nine months, according to data published by Real Estate Norway on Wednesday. Norges Bank had expected a gain of 0.5%.