RTÉ News: House prices fell 19% in 2009
Submitted by daltonr on Thu, 01/07/2010 - 18:59
Asking prices for homes fell by 19% during 2009 and are now 30% below their peak levels of early 2007.
In its review of 2009, property website DAFT.ie says the national average asking price for a house at the end of 2009 was €242,000, down more than €100,000 from the peak.
The average time taken to sell a property is now nine months, though this has fallen to four months in Dublin where the number of homes for sale fell by 17%.
The stock of properties for sale nationally is 3% lower than a year ago, though Daft.ie says with 60,000 properties on the market, the number of people looking to sell remains high.