But the drop does not reverse the longer-term trend, which has seen property prices in the area achieve 2% annual growth.
The average Aylesbury Vale house price in May was £328,108, Land Registry figures show – a 0.1% decrease on April.
Over the month, the picture was better than that across the South East, where prices decreased 1.1%, but Aylesbury Vale underperformed compared to the 0.3% rise for the UK as a whole.
Over the last year, the average sale price of property in Aylesbury Vale rose by £6,300 – putting the area 34th among the South East’s 67 local authorities for annual growth.
The best annual growth in the region was in West Oxfordshire, where properties increased on average by 9.4%, to £347,000. At the other end of the scale, properties in Slough dropped 2.8% in value, giving an average price of £284,000.
Winners and Losers
Owners of terraced houses fared worst in Aylesbury Vale in May – they dropped 0.5% in price, to £270,260 on average. But over the last year, prices rose by 1.1%.
Among other types of property:
Detached: remained level over the month; up 3.4% annually; £559,900 average
Semi-detached: up 0.1% monthly; up 2.2% annually; £333,681 average
Flats: up 0.1% monthly; down 0.4% annually; £182,262 average
First steps on the property ladder
First-time buyers in Aylesbury Vale spent an average of £262,000 on their property – £4,300 more than a year ago, and £49,600 more than in May 2015.
By comparison, former owner-occupiers paid £378,400 on average in May – 44.4% more than first-time buyers
How do property prices in Aylesbury Vale compare
Buyers paid 1.1% more than the average price in the South East (£325,000) in May for a property in Aylesbury Vale. Across the South East, property prices are high compared to those across the UK, where the average cost £236,000.
The most expensive properties in the South East were in Elmbridge – £594,000 on average, and 1.8 times as much as in Aylesbury Vale. Elmbridge properties cost 2.8 times as much as homes in Southampton (£210,000 average), at the other end of the scale.
The highest property prices across the UK were in Kensington and Chelsea, where the average May sale price of £1.4 million could buy 16 properties in Burnley (average £88,000).
Average property price in May
Aylesbury Vale: £328,108
The South East: £324,659
Annual growth to May
Aylesbury Vale: +2.0%
The South East: +2.0%
Best and worst annual growth in the South East
West Oxfordshire: +9.4%