As we all know Rightmove data is notoriously volatile as it is not seasonally or mix adjusted. Rightmove also only take into account newly listed property on their website.
It is highly unusual to see falls in April as the report says and if the figures had been seasonally adjusted, then the figure would have been significantly lower.
More pain for the housing market ahead then, however those looking to get on the property ladder will be feeling happier.
Word of advice to first time buyers - save, keep your credit clean and wait. There are significant falls to come.