House prices continue to "tread water" with values having dropped by 0.4% in August compared with July, the Halifax has said.
Prices have dipped by 0.3% in the less volatile three-month on three-month measure of house prices, the lender said.
The 0.9% drop in prices annually meant the average UK home was valued at £160,256, it added.
The Halifax said it expected little change in prices into 2013.
"Overall, there has been little change in house prices so far this year with the UK average price in August at a very similar level to the end of 2011," said Martin Ellis, Halifax housing economist.
"A gradual upward trend in spending power, aided by lower inflation, should help to support housing demand in the coming months. Nonetheless, house prices are likely to remain flat over the remainder of 2012 and into next year."
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