The cost of an average property in Guernsey is just over £609k, 4.9% lower than a year ago.
The average price paid for property in the island continues to fall, but remains 47.5% higher compared to five years ago.
The market is still steadying after a spike during the Covid-19 pandemic.
12 more Local Market houses sold in the fourth quarter of 2023 than in the previous quarter, however that number is down by 31 on a year ago.
In total, 150 Local Market properties were sold between October and December 2023.
Only seven Open Market transactions were made during that time, averaging at just over £1.4 million.
Rental properties on the Local Market now cost on average £1,922 pcm, an increase of 11.9% since the end of 2022.
Full details of the States' collated Residential Property Prices for Q4 2023 can be found here.
Temporary traffic lights removed from key St Peter Port route sooner than expected
New car for Guernsey's Meals on Wheels fleet
Major power cut switches off most of Alderney
Perfect evening for Guernsey's 2026 Air Display
The Red Arrows pull out of performing over Guernsey
Guernsey's Ladies' Pool reopens after pollution incident
Passengers at Guernsey Airport told to expect some flight disruption
Guernsey flights impacted by UK air traffic control issue
