The average pace of house price growth eased in the three months to the end of October amid signs more owners were prepared to sell, according to Halifax.
Its latest report found that while the annual rate of growth was 6.9% higher, prices grew by 1.6% during the period - representing a slowdown on the increases previously recorded over the past four months.
Growth of 0.7% was measured for October but Halifax said it had also detected that low supply - a key factor behind price rises - was easing slightly as more homeowners were considering selling property as the market recovery gathers pace.
The lender's housing economist, Martin Ellis, said: "Demand has increased this year, putting upward pressure on house prices and increasing levels of activity.
"Low interest rates and higher consumer confidence - supported by the increasing evidence that a sustainable economic recovery may now be underway - are helping to increase housing demand.
Halifax has noticed more interest among owners to sell "Schemes, such as Funding for Lending and Help to Buy, also appear to have boosted demand.
"Despite increases in the past year both house prices and sales remain below the levels reached at the height of the last housing market cycle in 2006/2007.
"Sentiment towards selling has also improved in recent months in response to the pick-up in the market, which should help to increase the availability of properties on the market over the coming months."
The Halifax report was released as leading housebuilder Persimmon said it had sold more than 3,000 properties under the first phase of Help to Buy - the Government-backed equity loan scheme for buyers of new properties.
The launch of a next phase - which offers state-backed mortgages to people with deposits as low as 5% - was brought forward to October but in its trading statement Persimmon said: "With only a limited number of lenders ... involved so far the impact to date has been muted due to the higher level of interest rates being charged."
Critics argue that rather than launching initiatives to unleash more aspiring buyers into the market, which will contribute to the upward pressure on house prices, the Government should instead be concentrating efforts on trying to address the lack of housing supply by assisting the building of new homes.
Persimmon said it had bought 6,000 new plots of land since July.
Ministers have consistently dismissed talk of house price bubbles, suggesting the market recovery is only just beginning outside of London and the South East.
The property website Rightmove recently measured a 10% jump in house prices in the capital during October alone - prompting further debate on whether a boom and bust cycle loomed.
Nationwide's monthly report on prices suggested the cost of an average home remained 7% below its 1997 peak in October.
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