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.
Guernsey gives £75k for Islands Unlimited inter-islands sailings
Guernsey tax package to raise more States income but protect low earners
Changes to make Guernsey's buses more reliable
Aurigny plane makes emergency landing after leaving Guernsey
New festival part of Guernsey's Seafront Sunday
Guernsey firefighters tackle round-island walk in full kit
No provider awarded subsidy for seasonal inter-island ferry service
Guernsey's key industry 'stable' in a turbulent world
