The average house price in the UK decreased by 0.3% from £287,891 in March to £286,896 in April, data from mortgage lender Halifax showed.
The annual rate of house price growth also slowed to 0.1% last month compared with the 1.6% recorded in the previous month, meaning average property prices are largely unchanged from this time last year.
The month-on-month decrease in house prices followed three consecutive months of growth, with the typical property now having a price tag of £286,896, which is around £7,000 below last summer’s peak, though still some £28,000 higher than two years ago.