County house prices are once again on the rise in Waterford.
The price of the average second-hand three-bed semi in county Waterford has increased to €260,000, up 2% from €255,000 in the last three months, according to a national survey by Real Estate Alliance.
The market in Waterford City this quarter increased to €305,000, up 1.7% from €300,000, the Q3 REA Average House Price Index shows.
Across the county, the average time taken to sell has increased by a fortnight to a total of eight weeks, while time to sell in the city this quarter decreased by one week to a total of five.
“Limited stock of homes coming to the market remains the biggest influencing factor,” said Eamonn Spratt of REA Spratt, Dungarvan.
"We also are noticing that the period of time for sales to complete is lengthening."
The survey shows that 65% of purchasers in the city and 50% of those across the county were first-time buyers, and 20% of city purchasers and 25% of purchasers in the county were from outside Cork.
A total of 25% of sales in the city and 20% across the county this quarter were attributed to landlords leaving the market.
The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.
Here's a breakdown of nationwide county house prices:
The actual selling price of a three-bed, semi-detached house across the country rose by 2.7% in the past three months to €323,741.
Time taken to reach sale agreed nationally has dropped to four weeks as low supply continues to drive sales.
A supply drought in Dublin has reignited the commuter property market as buyers battle to secure affordable family homes, the Index has found.
Frustration in the capital has led to the return of the previously unheated commuter market, which has risen by 2.9% over the past three months to an average of €336,944.
And further afield, large towns such as Ennis, Tralee, Tullamore and Athlone have experienced average increases of €20,000 in the past three months.
Actual selling prices in Dublin city rose by 1.3% in the last three months, and the average three-bed semi in the capital is now selling at €532,333 – an annual increase of 7.4%.
The number of sales in the capital due to landlords leaving the market has risen six points to 24% in the past year, the Index revealed, but some areas are reporting a figure of over 50%.
Prices in the major cities outside the capital rose by an average of 2.25% to €341,250 in the last three months – an annual rate of increase of 7.5%.
Homes in the country’s large towns continue to show the biggest growth nationwide, up 10% on last September and 3.6% this quarter to an average of €243,241.
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