MYHOME.IE HAS a new feature that will enable buyers to keep tabs on the latest price changes of homes listed on its website.

As well as informing prospective buyers about recent price cuts, and increases, the “Live Price Changes” section allows them to track a property’s price history.

As reality bites in the market, myhome.iereports that in the past three months 2,337 residential properties experienced price changes in Dublin alone.

Unsurprisingly 85 per cent of those have undergone price drops as opposed to increases. Of those listed in Dublin, 268 (11 per cent) have had multiple price changes.

In Galway there were only 30 price changes over the past three months – all were price drops – while in Cork, the figure was 230 – of which 211 were cuts. A modest 107 price changes were recorded for Limerick of which 102 were on a downward trajectory.

Prospective buyers will also be able to receive email alerts from myhome.ieinforming them if the price of a property they are interested in changes or falls inside or outside their price range.

In its “Latest Price Changes” page, which went live yesterday, it lists properties that have just had substantial price adjustments.

For example, a nine-bed three-storey-over-basement terraced house on North Great Charles Street in Dublin’s north inner city has had a massive €100,000 cut to €399,000.

Meanwhile 87 Aughrim Street in Dublin 7, a four-bed terraced house, is down 30 per cent to €210,000.

Angela Keegan, managing director of myhome.ie, said the new feature would give users live information and help bring more transparency to the market.

“Before, if buyers and sellers wanted to get good information about property prices in a given area, they might ring around several agents or study property reports and sales information on the internet.”

Myhome, which is owned by The Irish Times, recently introduced an app for the iPad.