The second hand-home market in Clare is showing further signs of recovery.
A new study by property website My Home.ie found that the price of a 3 bed semi in the banner county dropped by over three percent in the first quarter of this year however the rate of decrease has eased.
The average cost of a three bed home here now stands at just over 231 thousand -which is a 12 percent fall from the days of peak prices.
New homes recorded the largest drop in asking prices in quarter one, declining by 4.4% during Q1, This was the largest decrease on any of the MyHome.ie property barometer indices and means the average price of a new home now stands at €271,437. The asking prices for second hand homes fell by 3.2%, the smallest amount of any sector covered. The average asking price for a second hand home is now €305,767 down from €422,990 or 27.7% since the peak of the market.
Asking prices in Limerick city remain the lowest of any urban area with the median price of a house in the city now standing at €240,000. In Cork the corresponding price is €289,500 while in Galway it is €275,000.
