Average house prices in Clare for end of 2022 revealed in report
THE AVERAGE price of a newly built home in Clare for the end of 2022 has been revealed.
The Daft.ie Report is based on an analysis of the full database of properties posted for advertisement on Daft.ie up to late December 2022. Across Munster, listed prices dropped by an average of 1.1% between September and December - the second quarter of prices falls in a row.
There were almost 4,100 properties on the market in Munster on December 1st, up 19% from slightly above 3,400 on the same date a year ago.
In it, it states that the average price of a home in Clare was €234,126 at the end of December.
This represents a 1.6% reduction from the third quarter of the year and a 5.7% increase on the previous year, 2021.
In comparison, the average house in County Limerick at the end of last year was €230,181 and €248,531 in Limerick city for the same period.
Despite the quarter falls, prices in Munster are 6% higher than a year ago - although this is down from a peak inflation rate of 17% in mid 2021.
Ronan Lyons, Associate Professor of Economics at Trinity College Dublin said: "Coupled with another 6% increase in the average listed prices, this suggests that, at least over the course of 2022, demand has remained strong.
"But what will 2023 bring? There are reasons to think that demand has started to cool off, following an unprecedented couple of years."