The Irish housing market is showing signs of settling into a steadier phase as bidding pressure eases and price growth levels off, according to a new report.
In the MyHome Q4 2025 Property Report published this morning, national asking prices were described as being “essentially flat” over the winter period, rising only 0.1%.
This stabilisation follows a period where annual price hikes had reached 7.6% in September, suggesting a slowdown in asking prices for the time being.
According to the report, the national annual price increase stood at 5.4% in the final part of 2025, while the typical asking price for a home put on the market reached €380,000.
In Dublin, the typical price was recorded at €475,000, representing a 0.5% increase over three months, whereas prices in the rest of the country fell by 0.6% to a typical level of €325,000.
Bank of Ireland Chief Economist Conall MacCoille said that the market is currently “pausing for breath” following very large price jumps recorded over the last two years.
MacCoille explained that the extra heat and extreme bidding activity is beginning to fade across the country.
“However, the froth in the market is subsiding a little,” MacCoille said.
“The median premium over asking has fallen back from a peak of 8.6% in July, to 7.4% in October and November.”
He also noted that mortgage information indicated that price increases would likely be more modest as the market moves into 2026.
MacCoille added that the current situation is still defined by a major lack of homes available for people to buy.
“The market is still very tight,” MacCoille continued.
“In December there were just 12,200 properties listed for sale on MyHome. The median time-to-sale-agreed remains low at 5-6 weeks.”
MyHome Managing Director Joanne Geary said that while the number of houses being built is improving, it is still not enough to meet the total demand.
Geary stated that the continued progress in building new homes is vital for giving buyers more choice in the future.
“It is encouraging to see continued momentum in residential construction, which is essential in improving choice for buyers over the medium term,” Geary said.
“Increased delivery in urban areas is critical to easing the pressures that persist in the market.”
She further noted that making sure the number of new houses grows steadily would be the main way to create a more balanced market in the years ahead.
“While there are early signs of stabilisation, conditions remain tight, and buyers continue to compete for a limited pool of properties,” Geary continued.
“Ensuring that supply grows steadily will be key to supporting a more balanced market in the coming years.”
The figures currently anticipate he number of new houses finished in Ireland to reach 34,000 by the end of 2025, which, if accurate, would be the highest level since the Celtic Tiger years.
However, despite this rise, the number is still much lower than the 50,000 to 60,000 houses that experts say are needed every year to meet the country’s needs.