Asking prices for homes in the UK remained unchanged this month, reflecting signs of a recent slowdown in the housing market, according to a survey from property

website Rightmove released on Monday.

Rightmove reported that the average asking price for properties listed between May 12 and June 8 was £375,110 ($475,827), a mere £21 decrease from the previous month, indicating a flat market.

Typically, Rightmove's data, which is not seasonally adjusted, shows a rise in June. However, last year's data also showed no change for the month.

Other indicators of the housing market have also shown a loss of momentum, attributed to the diminishing likelihood of an imminent Bank of England interest rate cut.

Stronger-than-expected inflation data last month in both Britain and the United States led investors to postpone their expectations for the start of BoE rate cuts to late 2024. Previously, the BoE's June 20 meeting had been seen as a possible date for a rate cut.

Economists and investors currently believe the BoE will maintain interest rates at this Thursday's meeting.

Rightmove suggested that Prime Minister Rishi Sunak's announcement of a July 4 national election last month has likely not significantly impacted market conditions.

"However, some potential sellers appear to be watching and waiting rather than taking action, evidenced by a dip in the number of new sellers coming to market, particularly at the top-end," said Tim Bannister, director of property science at Rightmove.

Affordability remains a pressing political issue ahead of the election, with house prices having increased by around 20% since the last election in December 2019.

Both Sunak's Conservative Party and the opposition Labour Party, which is currently leading in opinion polls, have pledged to increase house-building if elected.