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

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

To cause the price of something to decrease. I'm worried that having that dilapidated old building right next door has driven my house price down.
See also: down, drive, price
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.

drive a price down

Fig. to force the price of something down. The lack of buyers drove the price down. The lack of buyers drove down the price.
See also: down, drive, price
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.
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References in periodicals archive ?
This is the first transaction to bring pure parametric Turkey earthquake risk to the market, and investor demand drove the price down to a record low.
We actually went into contract at $275,000, but then the appraisal came in real low at $245,000, so that drove the price down and we settled at $260,000." -- Gordon Voight, Barak Realty
On-course the supposed second string opened at 10-1 and 8-1 but a flood of money drove the price down to 3-1.
Speculative and fund selling on Friday drove the price down to a $4600 low at which level the market closed for a week's loss of $140 per tonne.