Monthly Market Snapshot: May 2025

Published 12 Jun 2025

Introducing the May edition of our Monthly Market Snapshot, where we examine the latest trends and developments in the Northern Ireland housing market. This report offers a thorough analysis of market performance, providing essential insights for buyers, sellers, and industry professionals.

*The figures above compare May 2025 with May 2024.

Jordan Buchanan, Chief Executive Officer at PropertyPal commented on the housing market:

The Northern Ireland housing market remains in a stable, if not robust position, with many key indicators settling around their long-term averages. In May, there were around 2,400 newly agreed sales, up 4% on this time last year, and the average time to secure a buyer was 38 days, in line with recent trends.

Looking ahead, demand-side signals remain encouraging, with both PropertyPal website searches and estate agent enquiries rising by 6% year-on-year. Recent wage growth and slight improvements in interest rates have helped support both buyer confidence and overall house price growth.

Although the broader economic outlook remains uncertain, the fundamentals of the local market are proving resilient, and with further rate cuts anticipated, conditions are likely to stay favourable over the summer months.
 

Thank you for reading! If you're interested in learning more about PropertyPal's market reports or need additional information on the Northern Ireland housing market, please reach out to us at [email protected]. A member of our team will be happy to assist you.

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