"House prices fell for the fourth month in a row in January with average values falling by 0.3%, the same decline as last month according to the latest house price data from Hometrack.
Hometrack said the year on year rate of growth has also slipped back, to +2.3%, which represents the lowest rate of growth since June 2006. Meanwhile, the average time to sell reached 8.5 weeks - the highest level since the survey began in 2001.
But the extent of price falls decreased over January, with agents reporting prices down across less than a quarter (23%) of the country, compared to 30% in December..."
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