Housing prices in the third quarter of 2023 rose by 1.1% compared to the second quarter of the year.
Housing prices in the third quarter of 2023 were 4% higher in Kildare than a year previously, compared to a rise of 6% seen a year ago, according to the latest House Price Report released today by Ireland’s largest property website, Daft.ie.
The average price of a home is now €340,000 in Kildare, 11% below its Celtic Tiger peak.
Nationally, housing prices in the third quarter of 2023 rose by 1.1% compared to the second quarter of the year.
The typical listed price nationwide in the third quarter of the year was €322,602, 3.7% higher than a year ago and roughly 13% below the Celtic Tiger peak.
Trends in prices differ considerably across the country. Prices in Dublin in the third quarter of the year were just 1.4% higher than a year ago, the lowest rate of inflation since prices started to rebound in late 2020.
Similarly, prices in Cork city were just 1.7% higher, year-on-year, while in Galway, Limerick and Waterford cities, the rate of annual increase was higher – at between 3.9% and 4.7%.
Outside the main cities, inflation was typically greater, with year-on-year increases of 4% in Leinster, almost 6% in Munster and just over 8% in Connacht-Ulster.
The number of homes available to buy nationwide on September 1st stood at just under 12,200, according to the report.
This is down over 20% year-on-year, compared to the almost 15,500 available to buy on the same date a year previously, and remains well below the 2019 average of 24,200.
The fall in availability, which started in the middle of the year, can be seen in all major regions of the country.