Proof that the UK housing market is cooling has been released to the public in the form of data from the Office for National Statistics. Property prices on average everywhere in the UK except London remained immobile during the month of November. In London however, a £3,000 fall in the average price of a house took place, according to figures from the ONS.

In November, the growth of the average property price in the UK was still in double digits, at 10%. This is in contrast to the figure just two months before at more than 12%. This slide represents an obvious cooling of the housing market in preparation of the winter months, which are also the slow months of the year.

The average price of a UK house during the month of August of last year was £274,000. The average has barely changed since then through the month of November, according to the ONS.

A spokesperson for the ONS commented on the current status of house prices, saying: “House prices are no longer at record levels in any region of the UK, with the majority of regions having reached a record level in August 2014.”

The ONS continued: “The price index for London is now 2.5% below the record level in August 2014.”

Economist Howard Archer with IHS Global Insight believes house prices will likely grow by 5% during the year 2015. He mentioned the current data being released to the public regarding the average house price in the UK was in line with other house price data being released.

Although the current winter months are slowing down with activity, the next selling season is closing in quickly. Those searching for an original loan or remortgage will be out and about within just a few months, creating a major boost in activity for the UK housing market.