House prices fall slightly in Dublin city but rise nationally
Time taken to reach sale agreed has risen steadily from mid-year in Dublin and now stands at six weeks as REA agents reported a “less frenzied” approach to viewing and buying, as well as a slowdown in bank funding turnaround times, the group said.“Following a frenetic start to the year, the market has slowed somewhat, with affordability having a definite effect on demand,” said REA spokesperson Barry McDonald.
“However, north county Dublin, where the average sale is €416,670, saw a small rise of 0.4 per cent, with agents REA Grimes reporting that homes which are priced correctly are attracting multiple bidders.” First-time buyers now make up 61 per cent of the market, according to REA, a rise of 3 per cent since September. The figure rises to 73 per cent in Dublin.The counties that saw the largest percentage increases in average sale prices were Sligo at 6.8 per cent , Galway county at 4.8 per cent , and Longford at 4.4 per cent .
The most expensive average sale prices recorded were for Dublin city , south county Dublin , and north county Dublin . The least expensive average sale prices were recorded for Donegal , Longford and Cavan .
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