Liquidity in the Irish housing market is starting to improve, stockbroker Davy has claimed, based on new data released by property listings website MyHome.ie.
New listings advertised for sale on the platform in the third quarter of the year are up 21% on pre-pandemic levels.
This has brought the total stock available for sale on the service to 16,000.
That is still below the pre-pandemic average levels of around 21,000 recorded between 2017 and 2019.
But it is higher than the 11,200 trough that was reached at the start of this year, Davy chief economist, Conall MacCoille said.
"Still, the message here is that conditions are gradually returning to normal," he claimed in a note to investors.
Overall in the first nine months of 2022, new listings for sale came to 32,800, up 32% on last year and just 1% below pre-pandemic levels.
"The market now appears to be making up for lost time," he added.
Mr MacCoille also estimates transaction volumes between July and this month have been up 10% on the year and 6% above the same period pre-pandemic in 2019.
"This improvement in liquidity will also help mortgage lending, which we forecast will grow to €13bn in 2022," he said.
