Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): Source Rightmove Monthly House Price Index
- Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years
- Summer holidays are taking priority and some new sellers are pricing more competitively to secure a buyer quickly, to beat the lengthy average time to completion and move home before Christmas
- To read the latest Rightmove Monthly House Price Index, please click here
SOURCE: Rightmove