The report said the average sales price nationally was €275,751, up from €256,000 a year ago. In Dublin, the average asking price was €398,127.
“The total number of homes listed for sale in the 12 months to February nationwide was just 45,700, down a third on the previous 12-month period. This sudden collapse in supply – at a time when demand has held up remarkably well – has converted into sharp upward pressure on prices,” he said.
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