House prices are already rebounding after a COVID-19 'wobble' in April.
That's according to Ronan Lyons, author of a new Daft.ie housing market report.
He said: "It's hard to say that we're out the other side yet, but as we can see things now - as of the start of July - it certainly had an impact, a wobble, in April.
"The overall trends for house prices has been moving from inflation of say 5% or 6% a couple of years ago, more or less stable this time last year and then slightly falling as we entered the year.
"Then there was a big wobble in April when the market didn't know what to do.
"But... the number of homes put up on the market in June is almost back to normal levels - so the sales market has recovered quite a bit.
"With that, we're seeing a return to - in terms of process - a return to that gently falling year-on-year trend in prices, so just over 3% down year-on-year".
Source: Daft.ie"It looks like the trend that was there has returned, of course that's not to say that things won't be different if there's a second or third wave.
"It is definitely a confidence issue."
The report shows sale prices fell by an average of 3.3% in the year to June.
It also shows a 0.2% rise in rents nationwide in the year to June.
The average listed sale price nationwide in June was €253,868, while the average monthly listed rent was €1,402.
Most parts of the country show similar trends, with a modest annual fall in sale prices - ranging from 2.9% in Leinster to 4.9% in Munster - and largely stable rents.
In Dublin, rents rose by 0.5% year-on-year, while in Leinster outside Dublin they rose by 1.2%.
In Connacht and Ulster, however, rents are down 2% year-on-year - while sale prices are up modestly on average by 0.7%.
