Early Edition with Kate Hawkesby

The heat is steadily seeping out of the country's property market.A new quarterly overview from Core Logic shows the slowdown of sales activity at the start of the year has flowed through to a decline in property values. Property values have tumbled for three months in a row to an average of just over $1 million, down 2.3 percent from the peak. But Core Logic chief property economist Kelvin Davidson says it's important homeowners wanting to sell up don't lose perspective. He says moving house in a slowdown can sometimes pay off - because the next property may have lost more value, providing an opportunity. LISTEN ABOVE  See omnystudio.com/listener for privacy information.