The Real Estate Alliance says housing supply is simply not meeting demand.
House prices are on the rise again with the average price of a three-bed semi-detached home now costing over €320,000.
Dublin is the most expensive with an average of €532,000 while the cheapest is in Donegal with the average price at €170,000.
Michael O’Donoghue from the Real Estate Alliance says housing demand is driving up prices: