In the west prices, which had been continuing to rise albeit slowly, have now fallen.
A spokesman for the bank said: "The picture across the country is very mixed with areas reporting the greatest quarterly fall still recording an annual increase."
Professor Donald MacRae, chief economist, Lloyds TSB Scotland, added: "The Scottish housing market has responded to the economic slowdown with a reduction in transactions and in some cases price falls.
"The cost of borrowing has reduced for many mortgage holders with the latest fall in interest rates in early February.
"The Scottish housing market is adjusting to changing circumstances with reduced sales and in some cases lower prices rather than a precipitous collapse."
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