Jul 30 2026 10:55:00

Northern Ireland’s housing market continued to perform robustly across the second quarter of the year, with average prices now sitting at around £240,000, up 3.8% annually, having eased slightly from the exceptional 5.0% pace recorded in Q1. In practical terms, that annual growth has added almost £9,000 to the value of the average local home over the past 12 months.

There were approximately 6,700 transactions agreed in the quarter, broadly in line with long-term averages. Enquiries to estate agents per advertised property were up 7% on last year, pointing to a healthy pipeline heading into the summer months, while properties are typically being agreed within 36 days, around two weeks faster than the long-term norm.

Recent improvements in macroeconomic conditions point towards a gradual easing in mortgage rates, while the local economy remains a bright spot, with steady growth, a strong labour market and real wage growth supporting affordability. Together, this should improve household confidence and support market conditions through the remainder of the year.

PropertyPal's latest housing market review published in July 2026 outlines the current average sales price in Northern Ireland to be £240,000.00.  Our own district Newry, Mourne and Down continues to perform above well with an average sale price for the district of £252,494.00.