A new report shows that home sales continued their downward trend in the second quarter of this year.
A total of 12,212 homes were sold in the second quarter of the year, a decrease of 13.5% on the same time last year, the latest Geowox Housing Market Report.
Co Dublin had the highest number of sales in the second quarter at 3,594 units.
2,411 of the total transactions were for new homes, while 9,801 were existing homes.
Today's report also reveals that the median price for an Irish home was €335,000, a increase of €17,000 compared to the same period in 2023.
Median house prices in Co Dublin reached €450,000, while home prices in Dublin city rose to €505,000.
Counties Leitrim and Longford were the most affordable at a median of €170,000.
The report also shows that rural home prices rose by 0.6% in the period under review, while urban home prices rose by 7.3%.
Geowox's Head of data, Marco Giardina, said that home transaction volume is on a strong downward trend, but added that prices maintain a steady growth path in both rural and urban areas.
Geowox are property data solutions experts based in Dublin. Since 2017, they have have been providing banks and lenders with new technology to assist with digitising the process of home valuations.
They have received funding and investment along the way from the European Union and Enterprise Ireland.
