Housing inventory was down across South Florida counties during August. Existing-home sales were up in Broward and Palm Beach.

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

FAU economist: When prices stagnate or drop, recent buyers will be stuck. Tampa highest in overpriced Florida.

Using specified criteria, the personal finance site WalletHub ranked the real estate markets of 300 cities across the nation. Find out where Miami ranks.

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.

In July, Florida’s housing market reported higher median prices, more new listings and a rise in all-cash sales compared to a year ago.

You might be surprised by the results of this survey.

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

Miami-Dade County real estate set a record for the most total home sales in a three-month period in the second quarter, as pent-up demand, more U.S. individuals and companies moving to South Florida and record-low mortgage rates fueled transactions.

Following months of sky-high prices paired with manic competition — driven by limited supply — the frenetic housing market is starting to cool down. Somewhat.

Florida’s housing market continued to show strong gains in the second quarter, with solid annual gains in closed sales, rising median prices and new listings, according to the latest housing data from Florida Realtors.

Smaller, more affordable homes are hitting the market, helping moderate median list prices, according to Realtor.com.

The number of new entry-level homes with two-bedrooms and about 1,400 square feet has fallen to its lowest level in five decades, according to Freddie Mac. This makes it harder for first-time new homebuyers to escape renting.

For the first time since early March, no new records were set for median-home-sale prices last month, ending the five-month streak of record-breaking home prices.

Just 56.6% of homes sold during the quarter were affordable to families earning the U.S. median income of $79,900, according to the National Association of Homebuilders/Wells Fargo Housing Opportunity Index.