# Irish housing market demand slowdown > Live situation record from CLSTR: https://clstr.news/situations/irish-housing-market-demand-slowdown > Updated: 2026-09-28T05:04:15.000Z. Sources: 4. Developments: 2. In Ireland, house price inflation has slowed significantly, particularly in Dublin. According to the Daft Sales Report, while national list prices rose by 3% year-on-year to an average of nearly €445,000, transaction prices in Dublin increased by only 0.8% in the year leading to September 2026. This represents the slowest rate of increase in the region since 2020. In Dublin, the average list price reached €635,000. Although these prices remain 44% higher than pre-Covid levels, they sit 7.5% below the peak of the Celtic Tiger era. The gap between initial list prices and final transaction prices has narrowed nationally to 2.6%, compared to 6.8% the previous year. Report author Ronan Lyons attributed this trend to ‘genuinely softer demand’ rather than changes in supply. While second-hand supply has recovered since the pandemic, the flow of homes onto the market has remained flat for three years. Sales for both new and second-hand homes have declined in Dublin. Nationally, Waterford city saw the fastest inflation at 11%, while other major cities like Cork, Galway, and Limerick recorded increases of less than 6%. ## Timeline ### 2026-09-28: Dublin house prices see inflation slowdown amid weakening demand Dublin house price inflation has slowed, with transaction prices in the capital rising just 0.8% year-on-year, signaling weaker buyer demand despite prices remaining 44% above pre-Covid levels. 2 sources. https://clstr.news/cluster/dublin-house-prices-see-inflation-slowdown-amid-weakening-demand ### 2026-09-07: UK house prices see first annual decline since 2023 UK house prices fell 0.4% annually for the first time since late 2023, while Scotland and Northern Ireland saw growth despite declines in southern England and London. 2 sources. https://clstr.news/cluster/uk-house-prices-see-first-annual-decline-since-2023 --- Cite as: Irish housing market demand slowdown. CLSTR, https://clstr.news/situations/irish-housing-market-demand-slowdown