Property asking prices fell by more than £5,000 on average this month, according to Rightmove.

Interest from buyers is currently running 23 per cent ahead of last year while the number of new sellers putting their home on the market is up 6 per cent on the same period a year ago.

This is the most optimistic prediction since 2021.

'This sets us up for what we predict will be a stronger 2025 in both prices and number of homes sold, particularly if mortgage rates fall by enough to significantly improve affordability for more of the mass-market.'