12 neighbourhoods in Preston have seen their average house prices fall this year according to Office for National Statistics data.
One neighbourhood has even seen a fall of nearly 14 per cent in the year to September 2022.
House prices moving in a negative direction is rare in the modern housing market, as average house prices in every other Preston neighbourhood went up.
For anyone sat on the fence about selling their home, could it be time to cut your losses and move? Or, do you stick it out and wait for the seemingly inevitable resurgence of house prices?
See if your neighbourhood has made the list.
9. Leyland South East & Buckshaw Village
Leyland South East & Buckshaw Village saw the 6th largest fall in house prices in the year to September 2022. House prices dropped 4.7 per cent - equal to £9,250 off the average value. Photo: Google Maps
10. Penwortham South
Penwortham South saw the 3rd largest fall in house prices in the year to September 2022. House prices dropped 8.7 per cent - equal to £20,000 off the average value. Photo: Google Maps
11. Seven Stars
Seven Stars saw the 4th largest fall in house prices in the year to September 2022. House prices dropped 4.8 per cent - equal to £9,250 off the average value. Photo: Google Maps
12. Hutton
New Longton & Hutton saw the largest fall in house prices in the year to September 2022. House prices dropped 13.3 per cent - equal to £36,250 off the average value. Photo: Google Maps