House prices in Oxfordshire fell again last month, but there are growing signs of recovery in the market.

The average price of a property in the county in May was £212,872 — down 0.7 per cent on April, according to latest figures released by the Land Registry today.

But the rate of decline is slowing — prices were dropping by 2.5 per cent a month in November and December last year.

The annual rate of decline now stands at 14.1 per cent with the average price of a home £247,901 in May 2008.