Also this week a report from Rightmove, the property website, that said asking prices in England and Wales fell by an average of £1,217 during the two weeks to August 28.
"Our view of the mainstream market is that it is definitely leveling out,'' Aubrey Adams, the chief executive of the up-market estate agents Savills, said this week.
Estate agents have questioned whether lender reports suggesting strong house price growth through the summer accurately reflected the market. It now appears that reports from lenders have caught up with anecdotal evidence suggesting a softer market.
The Bank of England made similar comments in its August Inflation Report, saying that house-price inflation "appears to have peaked and several indicators of housing market activity point to further moderation." The Royal Institution of Chartered Surveyors also said that the market looked to have flattened.
The Bank's Monetary Policy Committee has raised interest rates five times since November and meets again next week.
"With consumer spending also showing signs of moderating in July and August, there is a growing possibility that the Bank of England could leave interest rates unchanged through the rest of this year," Mr Archer said.
Martin Ellis, chief economist at the Halifax, said: "We continue to expect house price inflation to slow gradually over the remainder of 2004 and into next year as higher interest rates and the increasing difficulties faced by potential first-time buyers in entering the market curb housing demand."