""Nonetheless, despite the modest decline in the speed of increases, the market remains very tight," Mr Lyons said. "As our market heat measure shows, the gap between the initial list price and the ultimate transaction price is close to a record high, at over 6pc. "The volume of second-hand homes put up for sale over the course of the year was just over 53,000: this is down compared to a peak in early 2023 of 63,000, before the interest rate shock kicked in. And it's also down about 10pc compared to the pre-Covid level."
""A fall-off in supply of about 10pc is one thing. But trends in availability on the market, which reflects both supply and demand, are worse. "There were only 11,500 second-hand homes available to buy on December 1. While that's up 7pc year-on-year, it is less than half the pre-Covid average of over 26,000. And Dublin partially offsets this, as its supply picture is rosier than elsewhere.""
House prices in Dublin rose 28% since early 2020. Connacht (excluding Galway city) and Ulster recorded 67% price increases over the same period. Annual price growth slowed from 8.7% in 2024 to 7.4% in 2025. The gap between initial list prices and final transaction prices exceeds 6%. The volume of second-hand homes offered for sale was just over 53,000, down from a peak of 63,000 in early 2023 and about 10% below pre-Covid levels. Only 11,500 second-hand homes were available to buy on December 1, less than half the pre-Covid average of over 26,000. Listed prices are 41% above pre-Covid levels and about 10% below the Celtic Tiger peak. The average list price for a three-bed semi in Dublin in Q4 2025 was €611,000, up 3.1% year-on-year.
Read at Irish Independent
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