Property website Daft.ie says the asking prices for houses have fallen by 3.4% so far this year, which is the smallest quarterly fall in almost two years.
According to Daft, the national average asking price last month was €234,000, a total of €120,000 or 33% below the peak in 2007.
In Galway, prices fell by over 8% in the first three months of the year, while in Dublin, Wicklow, Waterford and Cork the falls were more in line with the average of 3.4%.
It now takes on average ten months to sell a house.
Price falls in early 2010 were largest in Dublin’s commuter counties, Galway city and north Co Dublin.
The report says that prices in Louth have seen some of the largest falls in the last three years, with the typical property now €200,000.
Daft says that while prices continue to fall and the total number of houses on the market is high, there is a steady decrease in the number of houses on the market.
