The volume of transactions may be a good indicator of how overheated a property market is. Figures on completions, housing stock and mortgage approvals allow an estimate of the number of transactions by county. The figures for 2005-2008 show a set of counties – including Laois and a mid-west corridor – where almost 30% of properties were traded in that period. Sure enough, these figures correlate very highly with the percentage of properties currently for sale in each county.