Average price tag of house on the market drops by £7,360

It is the biggest August price fall since 2018Neil Shaw Assistant Editor06:36, 17 Aug 2026The average price tag on a home coming on the market nosedived by more than £7,000 in August, according to figures from a property website. Rightmove has also downgraded its house price forecast for 2026 from a 2% increase to a change of between zero and a 2% fall in average new seller asking prices over the year as a whole.‌It said the average newly listed asking price in August fell by 2.0% or £7,360 month-on-month, marking the biggest August price fall since 2018. Prices usually fall in the month of August but this is a much bigger drop than the 10-year average of 1.3%, the website said.‌Across Britain, the average asking price for a home in August is £364,999. The price is 1.0% lower than a year e