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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Old Post Office Pavilion

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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Colorful row houses along Guilford Avenue in Charles Village, Baltimore, Maryland.

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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Sunset over downtown Center City, Philadelphia, PA.

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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Iconic Portland, Oregon Old Town sign with an outline of Oregon and a stag

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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Aerial view of lower Manhattan New York City

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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View of the city of Chicago from Hancock Center

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, Missouri.

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, California, USA downtown city skyline.

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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River Walk in San Antonio Texas.

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, MA, USA - JUNE 28, 2017: Aerial image of Fenway Park sports stadium home to the Boston Red Socks

Boston

Median home price: $458,000 (6.2%)
Median rent: $2,367 (-1.6%)
Change in for-sale housing inventory: 16.7%
This article originally appeared in National Mortgage News.
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