Sligo house prices rising as demand outstrips supply
In Sligo town, prices this quarter rose 1.7pc to an average of €300,000, and prices in Tubbercurry rose to €210,000, up 2.4pc.
'Despite the fact that new building has commenced in Sligo town, demand still outstrips supply, resulting in continued high demand from first-time buyers and investors in the €200,000-300,000 price bracket,' said Roger McCarrick of REA McCarrick & Sons.
'Larger family homes on the outskirts of Sligo and in the Strandhill area regularly sell for over €500,000. Lack of new building in smaller towns such as Tubbercurry have kept pressure on the values of existing stock, which means first-time buyers and investors are competing for the same limited supply.'
The survey shows that across the county, 30pc of purchasers were first-time buyers, while a total of 10pc of sales in the county this quarter were attributed to landlords leaving the market.
Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 10pc price increases in comparison to comparable C-rated properties.
According to the lastest report from Daft.ie. prices in the second quarter of 2025 in Sligo were 5% higher than a year previously, compared to a rise of 10% seen in the 12 months to March 2024. The average price of a home is now €224,000, 50% above the level seen at the start of the covid19 pandemic.
The strong increases in prices are related to very tight supply. The number of second-hand homes available to buy nationwide on June 1st stood at close to 12,100. This is largely unchanged from the figure a year ago and less than half the pre-covid average of almost 25,000.
Commenting on the report, its author Ronan Lyons, economist said: 'The substantial increases over the past year in almost all parts of the country are linked to the lack of second-hand supply. This in turn is related to the increase in interest rates earlier in the decade.'
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