Leitrim house prices rise 5% as supply falls

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Prices in the final three months of 2020 were 5% higher than a year previously

The latest property report from Daft.ie shows that in Leitrim, prices in the final three months of 2020 were 5% higher than a year previously, compared to a fall of 6% seen a year ago.

The average price of a home is now €132,000, 54% above its lowest point. The national average listed price of housing rose by 7.4% in the year to December 2020, according to the latest Daft.ie House Price Report.

Prices had fallen in the second quarter of the year but rebounded in the third quarter, before rising a further 2.2% in the final three months of the year. The 7.4% year-on-year rise is the largest such increase in three years. The average sale price nationwide in the final quarter of 2020 was €269,522, up from €250,766 a year ago and up 64% from its lowest point in early 2013 and 27% lower than the Celtic Tiger peak.

Listed prices rose in all 54 markets contained in the Daft.ie Report in 2020, although there were significant differences around the country. Areas with the largest increases span both urban and rural markets, with markets such as Dublin 8, Dublin 10, Kilkenny and Donegal all having prices more than 10% higher than a year ago. The smallest year-on-year increases – less than 4% - were in Clare, Meath, central Dublin and Dublin 6, the country’s most expensive market, where prices are up just 1.7%.