drive down a/the/(something's) price

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drive down a/the/(something's) price

To cause the price of something to decrease. I'm worried that having that dilapidated old building right next door has driven down my house price.
See also: down, drive, price
References in periodicals archive ?
A global oversupply has dramatically driven down the price of oil with suppliers failing to reach agreements to address the glut.
It has driven down the price of music and video while driving sales of Apple devices and software.
But a British Retail Consortium spokesperson said: "Supermarkets have not driven down the price of milk, as a full examination of the dairy market will show.
Mr Holden said many farmers were already facing ruin because of price wars among supermarkets and "a lamentable failure to be loyal to UK producers" has driven down the price most dairy, beef and sheep producers receive to below the cost of production.
SCOPE iT has driven down the price, simplified the process and made its application web-based.
It is in fact so plentiful that there is a glut in the world which has driven down the prices.