Home Asking Prices Drop For Third Consecutive Quarter

Monday, 3 April 2023 09:42

By Caoimhe Harney

According to MyHome.ie the drop was significant in Dublin.

New data from property listings website MyHome.ie has found that asking prices for homes fell by 0.3% in the first three months of the year when compared to the previous quarter.

The drop marks the third consecutive quarter that advertised prices for homes around the country have fallen.

Median asking prices on the entire stock of properties for sales in Kildare fell by -0.4% to €279,000 in Q1 2023.

Prices were flat in Wicklow at €385,000. In Meath, prices rose by 3.5% to €295,000, a fresh high.

Nationally, listed prices are still up 3.2% in comparison to the same three months in 2022, despite the slowdown.

The report, compiled in conjunction with stockbrokers Davy, found the median asking price for a home nationally is now €310,000.

In Dublin, where prices fell 0.8% compared to the previous quarter, but are up 0.6% versus the first quarter of last year, the median home price sought was €395,000.

Prices in Dublin have now dropped for four consecutive months, leaving them 2% below the levels recorded in September of last year.

However, outside of Dublin asking prices actually rose 0.2% from quarter to quarter, and by 5% over the past year, driven by stock levels being so low.

That leaves the median asking price for a home outside the capital at €265,000.

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