Dublin Market Update

The Dublin real estate market in August showed a reduction in inventory, which will help to stabilize the market. Right now, there is a 6 month supply of inventory on the market, which is down from June and July. The sales activity has been remarkably consistent this year, while the inventory has recently declined after several months of steep increases.



Click on the image to enlarge. The light green bar represents the inventory of resale single family homes. The dark green bar represents closed sales. The red line shows pending sales for the month.

As you can see, sales levels have been very consistent, although they are down 30 to 40% from last year. The inventory has been reduced because many sellers have become discouraged and taken their homes off the market.

The high end market (over $1 million) in Dublin shows much the same dynamics.



As we enter the fall, we are seeing some hopeful signs. Lower interest rates and the perception of bargains in the marketplace will ultimately draw buyers into the market. And corporate relocation activity has picked up. But still, it is a buyers market, and sellers are finding that they have to swallow hard and sell for less than they had hoped if they want to get their home sold.