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A survey conducted by Hometrack, the data property, said company fell by home prices for the fourth month in a row in October buyers continued to stay away from the market.

The company seeks real estate agents and surveyors to give feasible sale prices for different types of houses in every zip code in England and Wales, said falls were registered in 56pc district postal code 0 1pc while just areas saw an increase.

The number of new buyers registering of estate agents has dropped 2pc in October, the fourth month in a row where the demand has decreased, but the number of people putting their homes for sale has continued to rise, increasing 1. 9pc.

Richard Donnell, Director of research at Hometrack, said: "the mismatch between faltering demand and increasing supply set looks to continue, while the process of re-pricing is likely to be sucked into the first half of 2011.

Vendors are unrealistic price they are willing to accept an impasse begins to emerge between buyers waiting for prices to drop.

The imbalance between supply and demand gave buyers top negotiating prices with vendors reach an average of 92 7pc just of their asking price, the lowest level for more than a year.

The duration property is on the market before it sells also continued to increase, amounting to 9.6 weeks - the highest level since May 2009.

Values for property in England and Wales fell by 0 9pc during the month, the biggest fall since January 2009 to leave the average home costs ￡ 156,200.

Homes for sale offer increased now by 14pc in the past six months, but demand decreased 8pc during the same period.

Mr. Donnell said: "other price falls are inevitable in the run up to Christmas and are likely to continue in the first half of the 2011."

Although he expects a "modest adjustment" prices, rather than to double tomb figure seen in 2008.

Today figures are the latest in a series of dark data on the market of housing, both Nationwide and the land registry, the week falls in price with Nationwide last statement saying values dropped by 0 7pc in October, then the registration office reported a 0 2pc slide for England and Wales country in September.

The Bank of England also stated that approvals of mortgage loan for the purchase of the House had fallen for the fifth consecutive month in September, as activity on the housing market has remained subdued.

House prices fell 1pc West Midlands, East Anglia, Northwest, Northeast and Southeast in October.

The Northwest saw the greater measure of price falls with property values dropping 71pc district postal code while they fell into the 66pc areas in the West Midlands.

Sellers are having the most severely changing time properties in the East Midlands and Wales where the houses are in the market for an average of more than three months before they buy.

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