12 markets where housing price growth is cooling

Even as home purchase prices climb, advisors may want to note markets in which prices are rising less quickly — valuable information for clients who are seeking their next abode or property for investment purposes.

Year-over-year, home purchase prices have risen 7.6% nationwide but the rate of growth is slowing. While no markets experienced a decrease in home purchase price, these following areas had the slowest home price growth in September 2018. The data, from Zillow, is based on data for home value, rents and housing inventory, with comparisons based on year-ago figures.

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Washington, D.C.
Median home price: $401,000 (3.7%)
Median rent: $2,133 (-0.9%)
Change in for-sale housing inventory: 0.8%
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Baltimore
Median home price: $265,600 (4.5%)
Median rent: $1,740 (-0.2%)
Change in for-sale housing inventory: -0.2%
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Philadelphia
Median home price: $229,300 (4.7%)
Median rent: $1,566 (-1.7%)
Change in for-sale housing inventory: -8.7%
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Sacramento, California
Median home price: $400,600 (4.8%)
Median rent: $1,842 (1.8%)
Change in for-sale housing inventory: 17.2%
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Portland, Oregon
Median home price: $391,400 (4.9%)
Median rent: $1,833 (-2.7%)
Change in for-sale housing inventory: 18%
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New York
Median home price: $431,000 (5.2%)
Median rent: $2,370 (-1.9%)
Change in for-sale housing inventory: 5.2%
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Chicago
Median home price: $222,200 (5.3%)
Median rent: $1,635 (-1.9%)
Change in for-sale housing inventory: 2.7%
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Los Angeles-Long Beach-Anaheim, California
Median home price: $647,100 (5.4%)
Median rent: $2,750 (0.8%)
Change in for-sale housing inventory: 29.9%
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St. Louis
Median home price: $163,100 (5.4%)
Median rent: $1,139 (-1.2%)
Change in for-sale housing inventory: -4.3%
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San Diego
Median home price: $589,200 (5.9%)
Median rent: $2,541 (0%)
Change in for-sale housing inventory: 47.1%
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San Antonio, Texas
Median home price: $187,800 (6.1%)
Median rent: $1,330 (-1.1%)
Change in for-sale housing inventory: 11%
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Boston
Median home price: $458,000 (6.2%)
Median rent: $2,367 (-1.6%)
Change in for-sale housing inventory: 16.7%
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