Over half of estate agents reported house price falls in October, the latest Royal Institution of Chartered Surveyors housing market survey shows.
In October, 55% said prices had fallen in the previous three months compared with 44% in September and 38% in August.
Just 4% thought prices had risen while 41% reported that prices remained the same.
Buyer enquiries fell for the fifth month in a row, with continued lack of mortgage finance and a cautious attitude by purchasers saw 12% more agents reporting a fall.
Regarding instructions, 4% fewer agents reported a fall in October compared with 22% more reporting a rise in September.
This is the first drop in supply since January when the extreme weather conditions contributed to a low level of new stock coming to the market.