12 housing markets where prices are cooling off

The national median rent decreased 0.2% in September, the first year-over-year decline since July 2012, according to Zillow.

In the home purchase market, prices increased 7.6% nationwide year-over-year, a slower pace than in previous months.

Here's a look at the 12 cities with 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.

While no markets experienced a decrease in home purchase prices, median rents were flat or down in all but two markets. Meanwhile, the inventory of for-sale homes dropped in only three markets.

NMN101818-washington.jpg
Washington, D.C.
Median home price: $401,000 (3.7%)
Median rent: $2,133 (-0.9%)
Change in for-sale housing inventory: 0.8%
NMN101818-baltimore.jpg
Baltimore, Md.
Median home price: $265,600 (4.5%)
Median rent: $1,740 (-0.2%)
Change in for-sale housing inventory: -0.2%
NMN101818-philadelphia.jpg
Philadelphia, Pa.
Median home price: $229,300 (4.7%)
Median rent: $1,566 (-1.7%)
Change in for-sale housing inventory: -8.7%
NMN101818-sacramento.jpg
Sacramento, Calif.
Median home price: $400,600 (4.8%)
Median rent: $1,842 (1.8%)
Change in for-sale housing inventory: 17.2%
NMN101818-portland.jpg
Portland, Ore.
Median home price: $391,400 (4.9%)
Median rent: $1,833 (-2.7%)
Change in for-sale housing inventory: 18%
NMN101818-new-york.jpg
New York, N.Y.
Median home price: $431,000 (5.2%)
Median rent: $2,370 (-1.9%)
Change in for-sale housing inventory: 5.2%
NMN101818-chicago.jpg
Chicago, Ill.
Median home price: $222,200 (5.3%)
Median rent: $1,635 (-1.9%)
Change in for-sale housing inventory: 2.7%
NMN101818-long-beach.jpg
Los Angeles-Long Beach-Anaheim, Calif.
Median home price: $647,100 (5.4%)
Median rent: $2,750 (0.8%)
Change in for-sale housing inventory: 29.9%
NMN101818-st-louis-adobe.jpg
St. Louis, Mo.
Median home price: $163,100 (5.4%)
Median rent: $1,139 (-1.2%)
Change in for-sale housing inventory: -4.3%
NMN101818-san-diego.jpg
San Diego, Calif.
Median home price: $589,200 (5.9%)
Median rent: $2,541 (0%)
Change in for-sale housing inventory: 47.1%
NMN101818-san-antonio.jpg
San Antonio, Texas
Median home price: $187,800 (6.1%)
Median rent: $1,330 (-1.1%)
Change in for-sale housing inventory: 11%
NMN101818-boston.jpg
Boston, Mass.
Median home price: $458,000 (6.2%)
Median rent: $2,367 (-1.6%)
Change in for-sale housing inventory: 16.7%
MORE FROM NATIONAL MORTGAGE NEWS