Houses selling faster as more working from home
The average time taken to sell a house in Galway has fallen by three weeks in the past three months, a national property survey has found.
The REA Average House Price Survey found that the average time taken to sell across the county fell over the past three months from 11 weeks to eight in the city, and 13 weeks to 10 in the county.
As people move to incorporate new working from home lifestyles, the price of the average three-bed semi-detached house rose by 0.5% in the city to €285,000 this quarter and remained at €165,000 in the county.
“The market is strong with good demand for all properties. Activity levels have increased throughout the summer, and rural properties within commuting distance of Galway are in good demand,” said Kevin Burke of REA McGreal Burke, which has offices in Galway City and Loughrea.
“Even though the levels of supply remained static, demand has increased for all properties with a home office or home office possibility such as a large garage, garden or attic which is suitable for conversion.
“Properties on the edge of the city have also proved popular, and everyone seems to have taken time to assess their current position.”
For more, read this week’s Connacht Tribune.
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