Norway's housing market has seen home prices rise for the fourth consecutive month, exceeding the central bank's expectations and potentially reducing the likelihood of an interest rate cut before March.

Real Estate Norway reported that prices increased by 0.4% in November, adjusted for seasonal variations. This upward trend in prices has been consistent throughout the year, except for July. The Norges Bank had predicted a more modest increase of 0.2%, indicating that the market performed better than anticipated.

The ongoing increase in home prices could impact discussions on monetary policy as the central bank evaluates the economic situation going forward.