Two reports into the price of houses say there were declines of 3-4% in the first three months of this year.
Property website Daft.ie says the asking price for houses now stands at €210,000, 43% below its peak level.
Rival website Myhome.ie puts the figure at €260,000 and says further reductions are likely during 2011.
The two websites' figures do vary according to the type of properties they advertise. But both point to ongoing decline in house values across almost the whole state.
Read more details on the house price figures here
Daft says asking prices fell 3.1% so far this year, while Myhome puts the figure at 4%.
Myhome.ie says the average price for a home is now €260,000 nationally - down from just over €300,000 a year ago. Compared to 12 months ago, Myhome claims average asking prices have slumped by €40,000 nationally and €54,000 in Dublin.
Daft says that of the 3,000 properties that were on sale 15 months ago, one in three is still on the market. The figure is one in six in Dublin.
Both websites say that on top of all the other pressures on house prices such as accessing mortgage finance and falls in take home pay, rising interest rates will keep the housing market depressed.
A decision on rates is due on Thursday when an increase in mortgage costs is expected as a consequence of the ECB's base rate rising by an anticipated quarter-point to 1.25%.
Daft.ie says asking prices down 43% from peak
The report by Daft.ie found that asking prices for homes fell by an average of 3.1% during the first three months of 2011.
Daft.ie says the average asking price has dropped by 43% since the peak and now stands at €210,000.
Dublin prices fell by 4.1% during the three months, while in Galway, prices were down almost 5%. Falls in Cork and Waterford were both 3%, while Limerick prices were down 2%. Outside the main cities, prices fell by 2.7%, the smallest drop in three years.
Daft.ie economist Ronan Lyons said a continuing mismatch between supply and demand was pulling prices down further. He said prospective buyers were finding it hard to secure finance, which owner occupiers were often restricted by negative equity. 'As a result, the market is moving very slowly,' he said.
Mr Lyons said that, of the 3,000 properties posted for sale 15 months ago, one in three was still for sale.
Decline in asking prices set to continue - Myhome.ie
Property website Myhome.ie said today that the steady decline in house asking prices is set to continue during the year due to weak employment figures, income falls, cost of living increases and difficulties in accessing credit.
Myhome.ie says that asking prices in the first three months of this year fell by 4.1% nationally and 3.8% in Dublin. It says that while the annual rate of decline remains in double digits in Dublin, the prices are over 15% lower in year on year terms - the lowest annual rate of decline in the city since the fourth quarter of 2008.
It adds that the latest fall brings the total decline from the peak of the market in 2006 to 37% nationally and over 43% in Dublin. The average price for a home countrywide is now €260,000 and €302,000 in Dublin. The respective figures 12 months ago were €301,000 and €356,000, the property website said.
The figures from Myhome.ie show the average time for a property to go sale agreed is now three months in Dublin, five months in Leinster, seven months in Munster and 13 months in Connacht and Ulster. Connacht and Ulster also has four of the top five counties with the highest vacant stock.
New homes registered continue to fall
Figures from home guarantee scheme Homebond show that the number of new homes registered in March fell by almost a third compared with the same month last year.
Homebond said 87 new homes were registered last month, compared with 131 in the same month last year.
The Homebond figures are seen as an indicator of future housing activity. Homebond is the bigger of two companies which provide registration figures, the other being Premier.
Only four new homes were registered in Dublin in March, with 19 in Cork. There were no new homes at all registered in seven counties.
Last year, the number of new homes registered fell by almost 50% compared with 2009.
