Just looking at things so far this year I make the median sale prices (DAFT uses average prices) as
Jan - 357
Feb - 357
Mar - 355
Apr - 370
Jun - 330
Sales are running at a rolling 3 week average of 165 or so per week ( this time last year was around 330 per week so a 50% drop). There are now 4505 properties for sale on MyHome.ie (since January it’s generally been around 4100 - 4200 it’s only started to rise in the last month). This time last year there 5400 for sale so supply is down about 20%. Median asking price is 395k (this time last year it was the same and in fact it has hardly changed over the year having only once hit 400k). The median price achieved this year so far is 356k and it is slowly dropping (I use the cumulative figure as it smooths out the bumps). Sales of new homes are around 20 per week - this time last year they were about 40pw - but they peaked at around 100pw in September and then again in December 2019 through to January 2020.
Average prices based on the PPR are dangerous. I’m not sure if Daft filters out big sales but as an example in March there were 7 sales that totalled 110m and in April there 9 sales that totalled 60m - most of these were marked as multiple property sales but in a couple of cases it was hard to tell and in most of the cases you couldn’t guess how many units were involved.
I look forward to PS figures next week I think they will be interesting.