Asking prices for homes in England and Wales grew almost 10 percent on a year ago in the period from mid August to early September, even after the Bank of England's shock quarter point rate hike, a survey shows.
Property website Rightmove said on Monday asking prices rose by 0.2 percent in the monthly period, an improvement from the prior month's 1.6 percent decline.
The figures are not adjusted to account for seasonal factors.
That rise took the annual rate of growth up to 9.8 percent from 9.0 percent in the previous month and nudged the average asking price for a property up to 214,566 pounds.
Rightmove said the number of properties coming onto the market fell to their lowest since the start of the year, while stocks of properties on agents' books also fell.
A dwindling supply of homes would normally herald a pick up in house prices further out if demand holds up.
But Rightmove expects inflation to level off as recent house price gains conspire with higher borrowing costs to make it increasingly expensive for first time buyers to get a foot on the property ladder.
Asking prices are at a virtual standstill, said Rightmove commercial director Miles Shipside. The market appears to be correcting affordability issues itself and does not need further intervention from the Bank of England.
Other house price surveys have suggested that last month's increase in borrowing costs to 4.75 percent did not cool the property market and many economists expect the Bank to raise rates again before the end of the year.