According to statistics from the State Real Estate Registry even though the number of real estate related transactions rose by almost 1% in the third quarter of 2008, they were down by 11.6% when compared with the same period in 2007. In the 4th quarter of 2008, sales transactions dipped by 8% when compared with 3rd quarter figures. The highest number of transaction was registered in Yerevan (33.6%) while the region of Vayots Dzor came in last place (2.1%). When compared to 2007, the average market price of one square meter of space in a multi-dwelling building rose by 15.2% in 2008 but dropped by 1.8% during the last quarter of the year. As opposed to multi-apartment buildings the average price for a private house in Yerevan rose 2.1% during the last quarter of 2008 and by 18.3% for the entire year. The average apartment prices in multi-dwelling buildings in other cities in the country rose by 31.6% in 2008 over 2007.