Property prices increased by 12.7% nationally in the year to March.
That is compared to 9.8% in the twelve months to March 2017.
New figures from the CSO show that Dublin prices increased by 12.1%, while outside the capital they rose by an average of 13.4%.
Nationally, prices are 21.6% lower than their peak in 2007 but are 75% higher than their lowest point in 2013.
Dublin residential property prices have increased 90.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 67.1% higher than they were in May 2013.
There were 43,555 household market dwelling purchases filed with Revenue Commissioners in the 12 months to March.
The average price paid for a property was €277,406.
Dublin 4 was the Eircode area with the highest average price for a property at €762,913.
The least expensive over the last 12 months was Ballyhaunis, Co Mayo, with a mean price of €75,415.