There was a sixth consecutive quarter of growth in the volume of house sales, according to a new housing monitor.

The Irish Banking Federation says the report points to a continued stabilisation in prices.

The report draws on published data on the residential housing market to provide a composite analysis on where the market may be going.


The Monitor shows that, while the number of properties listed for sale during the first quarter fell 15% compared to the previous year, there were 14% more property transactions over the same period.

The report says property prices continue to show signs of stabilisation, with a fall in prices nationally of 3% in the first three months of 2013 compared to the same quarter in 2012.

Dublin property prices saw their first year-on-year gain since the summer of 2007 with prices 1.4% higher than a year ago.

There was a fall in the number of mortgage approvals and mortgage drawdowns in the quarter compared to a year ago.

View the full story about how House sales up 14% in first quarter via House sales up 14% in first quarter – IBF – RTÉ News.