Quarterly Market Reports Q1 2022

MyHome and Daft Quarterly Reports Q1 2022
Two quarterly reports, one each from MyHome.ie (download report) and Daft.ie (download report), suggest asking prices accelerated again in the first quarter of 2022 as the stock of homes available for sale slumped to a new record low. MyHome said annual asking-price inflation was now running at 12.3%. This put the median or typical asking price for a home nationally at €295k, and at €385k in Dublin. MyHome said the number of available properties for sale on its website fell to a record low of 11,200 in March, down from a pre-pandemic level of 19,000. It said impaired supply and robust demand meant double-digit inflation is likely until at least mid-2022.
Daft, meanwhile, said house asking prices indicated the average listed price nationwide in the first quarter of 2022 was €299.1k, up 8.4% on the same period in 2021 and just 19% below the Celtic Tiger peak, while noting increases remain smaller in urban areas, compared to rural. Just 10,000 homes were listed for sale on its website as of March 1st, an all-time low. The Irish Times, 28th March

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