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Monthly market report

Iceland’s housing market — July 2026

A concise, transparent reading of the latest data on home prices, supply, regional differences and rent, using the HMS registers, Statistics Iceland and live listings.

Deeds through 24 July 2026HPI through July 2026Rent data through June 2026

Key readings

Home prices YoY
+2.4%

Housing Price Index, data through July 2026.

Median sold price
74.9M

Capital region, registered sales over the trailing 12 months.

Months of supply
11.3

Vísir and the HMS register, as of 27 July 2026.

Market rent per m²
3,490 ISK

Valid registered contracts through June 2026.

What the data shows

The findings are computed from the published data. If a source is unavailable or a sample is too small, the finding is omitted rather than filled in.

Home prices and the median sale price

The 12-month change in the Housing Price Index is +2.4%. The capital-region median sold price is 74.9M.

The national index and the sold-price median are different measures, so they are shown side by side rather than combined.

Explore prices by postcode

Months of supply: 11.3

Vísir carries 8,457 active residential listings, while the HMS register shows about 752 sales per month. That equals about 11.3 months of supply. That points to a buyer's market.

Vísir does not cover every home on the market, so this is a conservative lower bound on supply, not a complete count of all listings.

See the supply-and-demand analysis

Price per m² varies widely between areas

Among municipalities with at least 100 sales over the trailing 12 months, price per m² was highest in Garðabær at 862,888 ISK, and lowest in Fjarðabyggð at 346,167 ISK.

The highest annual change in the median sold price among these larger-sample markets was in Fjarðabyggð: +8.6% between trailing 12-month periods.

Compare prices by municipality

Market rent is falling in real terms

The 12-month change in average rent per m² across valid registered market-rent contracts is +3.7%. Inflation over the same period was 5.2%, equivalent to a real change of about -1.5%.

Non-market rent averaged 19% below market rent nationwide. The segments are shown separately and do not determine the rent of an individual home.

Explore rent by area

How to read this report

Sold prices are registered transaction prices from the HMS property register, not asking prices. Rent figures are averages across valid registered contracts HMS considers suitable for statistical analysis.

The supply measure combines active Vísir listings with whole-market sales velocity from the HMS register. Because Vísir does not contain every listing, the result is a conservative lower bound.

This is a descriptive summary, not a forecast, an individual property valuation or financial advice.

Methodology and sources →