Average Derry house price £102,823
The Quarterly House Price Index, which is carried out by the University of Ulster in partnership with the Northern Ireland Housing Executive, analyses performance of the North's residential housing market between January and March 2015.
The report highlights the overall average house price in the Derry and Strabane area is up by 6.8% over the year but down compared to the strong performance in the final quarter of 2014.
It describes the performance in this market area as variable with individual property types revealing contrasting patterns.
The average house price for semi-detached houses of £106,866 is an increase from the same quarter last year, however is lower than the fourth quarter of 2014.
Terraced and town houses have an average price of £60,335 which is a decrease from the same quarter last year. Detached houses also have a reduced average price of £135,497.
For Northern Ireland as a whole, overall average house price has increased to £147,409 representing a weighted growth of 5.3% compared to the same period last year.
The report suggests a highly affordable price structure for housing in Northern Ireland with two-thirds of houses sold at or below £150,000.