Its latest monthly survey suggests that average prices dipped by 0.4% last month compared with August.
This latest fall means that the average UK house now costs £159,486, which is 1.2% lower than at the same point a year ago.
The Halifax said the recession was the main reason for the market's doldrums.
"Overall, there has been very little change in the average UK house price so far this year," said Martin Ellis, the Halifax's housing economist.
"There is, nonetheless, evidence of a slight deterioration in the trend recently with prices in the three months to September 0.5% lower than in the previous quarter.
"We expect house prices to be broadly unchanged over the rest of this year and into 2013," he added.
Source & Image : BBC
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