The average price paid for a house in Clare has increased by 21% in the space of a year.
As of May, the mean price for a house in the Banner was almost €210,000.
The number of property transactions in Clare fell by 58% this May compared to last.
66 sales were completed in the fifth month of the year – a significant drop from the 120 which went through in the same period last year.
However, the average spend on a house in the Banner rose by 21% to €207,409 – highlighting the impact that supply is having on the market.
The median price of a dwelling in Clare (also known as the mid-point) may provide a more accurate insight into the property market in the banner as it isn’t altered as dramatically by extremely high or low prices as the average is.
The median amount paid out by buyers in Clare this May was €195,000 – still a rise of almost 14% or €25,000.
The median price paid for a new house in the county this May was €315,000 – an increase of over €50,000.
The cost of an existing home in Clare also jumped by €30,000 from €160,000 last May to €190,000 this year.
The number of first time buyers in the county almost halved in the space of a year – with only 17 sales of this nature in May.