THE average house price in Dumfries and Galloway is now £180,090.
That is still well below the Scottish average of £220,351.
In March there was a 1.4 per cent drop in property prices locally compared to the same period in 2022, and a 0.9 per cent drop on the previous month of this year.
The research by Walker Fraser Steele also shows this was one of ten regions in Scotland which did not see a rise in their average property values over the last year.
Commenting, the firm’s Scott Jack said: “The longer days of spring have traditionally seen growth in housing sales in March in Scotland and this year is no exception.
“The affordability challenges that have deterred buyers in the first quarter of the year may be easing very slightly, especially for those who choose to move and take fixed rate mortgages that protect from further rises.
“Despite the cost of living crisis, many agents are reporting plenty of enquiries for purchases and the right kind of properties for sale are still in short supply in many areas. Country and village houses remain popular and in short supply. Home movers still want access to outdoor space, which, together with the need for a home office, are among homebuyers’ most popular requirements.”
