The average value of the price of second-hand homes in Ireland increased by 1.1% in the third quarter of the year, according to new figures by estate agents Sherry FitzGerald.
Values increased 5.5% over the first nine months of this year, compared to growth of 7.1% in the same period last year.
In Dublin, prices increased by 0.9% in the third quarter, the slowest quarterly growth rate since the start of last year.
The data shows that cumulatively, values have increased 5.2% since the start of the year, and average values have increased 7.3% within the capital year-on-year.
The figures reveal that price growth remains stronger outside of Dublin, with average values nationally excluding Dublin, up 1.3% in the third quarter and up 5.9% so far this year, and 8.9% compared to the same period last year.
"The deceleration in the pace of price growth, which began to emerge during the second quarter of this year has persisted during quarter three," said Marian Finnegan, Managing Director of Sherry FitzGerald.
"Although demand remains robust, the frenzied bidding activity that was a feature of the post pandemic period has eased.
"This combined with a slight increase in the stock of second-hand properties available for sale has resulted in more moderate pace of price growth," she added.
According to Sherry FitzGerald, 15,300 second-hand properties were for sale across the country in July, up 1,800 on the same month last year.
However, when compared with July 2019, before the pandemic, supply was down 26% with 7,900 fewer properties available for sale.
Today's figures show that transaction activity has now surpassed its pre-pandemic levels.
In the first half of this year, there were over 26,240 sales recorded on the property price register, excluding block sales and new homes acquired for social housing - up 8% on the levels of a year ago, and up 9% on the same period in 2019.
New home sales have also recovered to their pre-pandemic levels, recording 3.4% growth on the level of transaction activity witnessed in the first half of 2019.
Transactions in the second-hand market remain brisk, up 5% on the opening six months of 2021 and up 10% on 2019.
