House prices in county Waterford rose by almost 4% in the first three months of the year.
The latest Daft.ie report shows a 16.4% rise year on year in county Waterford's median asking prices.
The year on year change in Waterford city's house prices was 9%, while there was a 3% change in prices in the first quarter of 2022.
The average cost to buy a house in the county is now €283,336, while in Waterford city the average asking price is €218,866.
While nationally findings from Daft, shows the average listed price nationwide is now just under €300,000.
Supply shortage
The Daft report for the first quarter of 2022, noted a serious supply issue in the Munster region.
It stated supply in the provinces is 'at a new low', with just 2,800 properties on the market on March first, down from 3,618 on the same date a year prior.
Supply as a whole so far in 2022 is down 20% on the previous year, with just 10,047 properties on the market nationally. In 2019, that number was just over 17,500 properties.
Author of the report Ronan Lyons says, “Both new and second-hand supply remain weaker than expected before the pandemic. Combined with unexpected strong demand, due to accidental savings during the lockdown, this has driven up prices.
"Additional supply – of all types of homes, for sale but also market rental and social rental housing – remains the only real solution to solving Ireland’s chronic housing shortage," Lyons says.
More here on the latest news for Waterford.