Asking prices may have slowed nationwide in September, but was that the case here in Miami?

Asking prices in Miami’s housing market continued to increase in September, though they suggested the first slowdown for the Magic City in some time, according to the latest Price Monitor from Trulia.

Prices were up a healthy 9.8 percent from September 2012, but from the second to the third quarter, asking prices actually fell by 1.5 percent, a slowdown of 4.3 percentage points from the previous quarter that was the third biggest decline in the nation. Miami’s rental market, though, remains highly active, with its 7.3 percent rise in the third quarter the fourth strongest in the nation.

Interestingly, Christopher Zoller, an associate with EWM Realty in Coral Gables, said that with inventory staying low in his market, demand – and asking prices – have remained competitive.

“Inventory is shrinking [and] prices are up,” Zoller said, adding that seller confidence has also increased along with prices.

Indeed, though national asking prices were up 11.5 percent year-over-year and 2.0 percent month-to-month in September, the quarterly increase was just 3.0 percent, the smallest such gain since February. And even rental prices were down, with the 3.0 percent quarterly increase down from 3.9 percent in the last quarter.

Interested in how we compared with the rest of the nation? Check out our sweet infographic below for some perspective: