"The report found that asking prices for residential property around the country fell by 3.4% during the first three months of 2010, the smallest quarterly fall in almost two years, according to the latest report published by property website Daft.ie. The national average asking price during March 2010 was €234,000, a total of €120,000 or 33% below the peak in 2007.
The fall in asking prices has again varied across the country. In Dublin, Wicklow, Waterford and Cork, price falls were in line with the national average of 3.4%, while prices were closer to static in other counties, including Sligo and Roscommon. In Galway city asking prices were hardest hit, falling by 8.8% in the first 3 months of the year.
The length of time properties remain on the market increased slightly in the first three months and nationally the average time to sell a property is now 10 months. However, this may be a sign that long-standing properties are shifting. By the start of April, of the 3,000 properties listed for sale in January, one in three was either sold or sale agreed. The percentage marked sale agreed is twice as high in Dublin, where price falls have been highest since the peak and the total stock for sale continues to fall steadily.
Read the full report, including a commentary by Brian Lucey, Associate Professor at TCD School of Business, at www.daft.ie/report.
The Daft Team"