Page 21 - Property market report_Sept24-Feb25

Sales volumes
Dumfries & Galloway rose by 4.8%,

while new property
listings dropped The average
6.9% selling price of property
in Dumfries & Galloway was
Average selling prices in the region drop compared to the same period last year, reflecting £180,463,
enjoyed a modest growth shifting seller expectations and a market where buyers an annual increase
face less pressure to pay premiums to secure their of 0.7%
Between September and February, the average home ideal home.
price in Dumfries & Galloway was £180,463, reflecting
Properties in
a 0.7% increase over the year. Kirkcudbright saw the highest premiums paid, with the region took

homes selling at an average of 101% of their Home 66 days
Kirkcudbright ranked as the priciest area, with Report valuation. Meanwhile, Castle Douglas recorded to go under offer
properties selling for an average of £235,924. In the lowest percentage, with properties selling for an
contrast, Langholm was the most affordable, with an average of 93.9% of their valuation, meaning many
average price of £94,050, highlighting the significant buyers in this area successfully purchased homes Buyers paid
variation in property values across the region. below their official market value. 98% of the
Home Report valuation
Buyers secured homes below Home Overall, 54.4% of properties in Dumfries & Galloway on average, down
2.4 percentage
Report valuation sold for at least their Home Report valuation, a points
notable decline from 60.5% the previous year. While
Dumfries & Galloway offered house hunters the best 10.3% Listings fell slightly as sales remained
this shift may seem unfavourable for sellers, those
chance to secure a bargain, with properties in the of properties set a steady
planning to purchase another home could benefit
region selling for an average of 98% of their Home closing date
from these market conditions, potentially securing a The property market in Dumfries & Galloway saw activity
Report valuation. This marks a 2.4 percentage point
lower price on their next property. that is consistent with the traditionally quieter months
of September - February, as new property listings fell by
6.9%. Meanwhile sales volumes enjoyed a rise of 4.8%.

The pace of the property market
Dalbeattie had the highest number of new property
continued to slowdown
listings, followed by Castle Douglas, Kirkcudbright,
Properties for sale in Dumfries & Galloway had a Annan, and Dumfries Town.
median time of 66 days to go under offer, which is
25 days slower than the previous year. This makes The same towns above made the top five most popular
Dumfries & Galloway the slowest-moving market in areas for sellers, albeit in a different order. Kirkcudbright
this report, allowing buyers in the region ample time reported the highest sales volumes, and a 18.2% increase
to explore their options before making an offer. year-on-year. Dumfries Town was second, although
sales were down 4.5% annually; Castle Douglas had the
In contrast, homes in Kirkcudbright sold the fastest, same sales volumes as last year while Dalbeattie enjoyed
going under offer in just 41 days - eight days quicker an annual rise in sales volumes, increasing 18.2%. Annan
than the same period last year. made up the top five, recording a significant increase in
sales compared to the previous year.
Additionally, 10.3% of properties went to a closing
date, down from 11.3%, reflecting the slower median Three-bedroom houses in Kirkcudbright were the most
selling times and an overall more relaxed market in-demand properties, reflecting strong interest from
pace. Dumfries Town remained a popular area, with family buyers, a trend observed across multiple regions
24% of listed homes reaching a closing date. in this report.

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