House buyers are still coughing up more than the asking price in most counties, new research shows.
Property prices climbed nationally by an average 4% for the first half of this year.
Sellers are laughing all the way to the bank in Longford and Kerry, where the market has picked up by 26% and 23% respectively.
There was also a cash surge in Roscommon, 13%, Donegal, 12%, and Cavan, 11%, followed by Carlow, Laois, and Waterford all coming in at 9%.
Savvy spenders sniffing out a bargain should look at the four counties that saw selling prices dip.
Properties in Cork, Galway, Wicklow and Dublin have become slightly cheaper on the whole during the first six months of 2019, compared with the same period last year.
Deals in Galway and Cork nose-dived by 7%, followed by Wicklow with a drop of 5% and Dublin prices dipped by 4%, according to research by Perfect Property.
The Irish property search engine analysed the official Property Price Register, which records the figures that houses actually sold.
Comparing this with the original asking prices shows that deals are closing 7% higher.
But the gap is closing, because the difference in 2018 was considerably higher at a rate of 12%.
The biggest contrast between asking and selling prices is in Sligo, 11%, and Wexford, 10%.
Meanwhile, in Cork, Kildare and Leitrim there was a difference of 8%.
Whilst Dublin saw an overall price drop, home sellers are still seeing their properties sell 6% higher than what they’re asking.
Laura Pollard, Managing Director of Perfect Property, said: “Reviewing achieved sold prices nationally, is key to understanding the true state of the market.
“Our research shows a very dynamic housing market across Ireland, with considerable regional variation in sold prices.
“While the country is up by 4% as whole from this time last year, this spurt of growth has not been experienced in all areas, with Cork, Galway, Wicklow and Dublin showing a decrease in sold prices.
“Comparing this to the original listing price provides additional insight, showing that in many areas the achieved sale price is still higher than the original listing price.”
