The house price index data found that this is a bigger dip in new asking prices than is usual at this time of year.
At the end of 2022, average asking prices are 5.6% higher than at this time a year ago, only slightly below the 6.3% growth recorded in 2021.
Rightmove suggests that economic headwinds including rapidly rising mortgage costs mean that some would-be buyers may have paused their plans for the foreseeable future.