"This continued the mixed monthly picture experienced so far this year with four rises, four falls and one no change since January. This mixed pattern is consistent with a market where prices are lacking genuine direction."
The report also said mortgage repayments for new borrowers were at a 14-year low after falling from a peak of 48pc of disposable earnings in 2007 to 26pc in the third quarter.
Low interest rates and higher employment levels have been propping up the market, Halifax said.
"Greater uncertainty about economic and personal financial circumstances, together with pressure on householders' finances from weak earnings growth, higher inflation and increases in taxes, are likely to be constraining housing demand," Mr Ellis added.
"Despite these pressures, low interest rates and a rise in employment over the past year, have been supporting the market, resulting in broad stability in both prices and activity."
The Council of Mortgage Lenders said: "We agree that there appears to be no clear trajectory for house prices at the moment. This is not surprising considering the uncertainties currently found both on the supply and demand side."
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