Average house price in Louth rocketed in May 17

The figures relate to homes filed as being sold in May 2017

Donard McCabe

Reporter:

Donard McCabe

CSO figures released today show that the average house price for houses filed in May 2017 as being sold, shot up to €184,497 from €125,513 in April 2017.

In May 2017, 92 properties were filed as being sold sold at a total sales value of €17m. This gives an average price of €184,497.

This compares to 115 properties in April at a total sales value of €14.4m, with an average price of €125,513.

This increase could partly relate to a number of the properties in April being smaller properties, such as apartments, and more of the properties in May being larger houses.

The figures do however suggest, a continued and rapid increase in house prices in Louth.