House sellers dropped their asking prices by the biggest percentage recorded by a study for August as would-be buyers became engrossed in the Olympics.
Property search website Rightmove said asking prices saw an "aggressive" 2.4% drop month-on-month to reach £236,260 on average, compared with the typical fall of 1.1% it has measured in August over the last 10 years.
The website also recorded plunges of up to 50% in its traffic at key Olympic moments as househunters became distracted by the sporting events and, most sharply, by the opening and closing ceremonies.
It warned that as the tough economy continues, sellers will have to "compete hard" to attract buyers this autumn when activity traditionally picks up, if they want to move house before Christmas.
No regions across the study, which covers England and Wales, recorded a month-on-month increase in asking prices, the first time this has happened since November last year.
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