The latest States figures show local market rents went up by an average of just under 2% over the past three months.
Property prices and rents in Guernsey are high and are an example of excess demand for a home chasing a limited supply.
Average local marker property prices, which are determined by the sale price, went down fractionally over the summer quarter to £592,500.
This is below the post-Covid peak and the property boom sparked by the pandemic.
However, it's becoming more of a buyer's market, with achieved sale prices around 7% lower than the original advertised house price.
Sales are increasing, with more than 200 transactions in the summer quarter - which is up significantly on one year ago, but is still below the 2020 peak.
Rents in Guernsey, when looked at over a five year period, have risen by more than 53% with the average now over £2,000 per month.
More new builds are now selling on the Open Market, where the average sale price between June and September was £1.85M.
Deputies asked to approve £6m Guernsey Airport roof repairs
Guernsey Budget 2027: £15m growth fund and fuel duty hikes
Majority of Guernsey stamps bought by collectors
Alex Scott withdraws from England squad
GST backlash prompts call for calm from Guernsey deputy
Deputies vote in GST at 3% as part of tax reform package
Man charged with murder of Hannah Benfield in Alderney
Deputy Inder apologises for raising middle finger to GST protestors
