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
Zack Frank - stock.adobe.com

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.
jonbilous - stock.adobe.com

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.
Tamara Nicol/luminouslens - stock.adobe.com

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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Robert D Schlie/rschlie - stock.adobe.com

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
Jess Kraft/jkraft5 - Fotolia

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
Tierney - stock.adobe.com

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
Sergiy Nykonenko/SergiyN - stock.adobe.com

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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roza - stock.adobe.com

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.
SNEHIT - stock.adobe.com

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.
SeanPavonePhoto - stock.adobe.com

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.
Leena Robinson/leekris - stock.adobe.com

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
Felix Mizioznikov - stock.adobe.com

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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