House prices in Clare have risen by 11% in the space of a year, with the average home in this county now selling for €197,000.
Daft.ie’s latest report shows that the average price in the second quarter of this year is some 65% above its lowest point.
Supply is continuing to prove an issue here, with the number of homes for sale in the Banner County now at its lowest level since 2007 – which is pushing prices up significantly.
It follows a similar report earlier this week by the Real Estate Alliance which found that, over the past three months, house prices here in fact fell by 2.6%.
Nationally, prices were 3.7 percent higher than the same point last year, which is the the lowest rate of inflation since late 2013.
Author of the report, Daft.ie economist, Ronan Lyons says it’s because more homes are coming on the market: