According to the latest Daft.ie report, house prices across Cavan and Monaghan have stabilised.
However, they are higher than this time last year with the average asking price at €200,000 in Cavan and €219,000 in Co Monaghan.
Dermot Conlon from REA Gunne Property in Carrickmacross says prices are levelling off but warned that at the same time buyers are becoming more cautious.
He says this is down to rising interest rates and the negative impact the energy crisis in having on the market.
The local property expert says there has been an increase in supply over the last few months due to State building schemes.
But he also warned that because landlords are exiting the market, stock is being added to the sale market while the rental market is getting smaller and smaller.
"The biggest issue in housing was the lack of housing stock. Now that seems to be improving somewhat, albeit slowly," Mr Conlon continued.
"What's going on in Dublin is not really manifesting itself in counties like Cavan and Monaghan where most of the new housing is social or affordable housing.
"In fact, there are very little new houses being constructed at the moment for the private market."
