Last month, the median sale price for single-family homes fell by 2.5% year over year in Houston, the largest percentage decrease of any city in the country.

According to the RE/MAX National Housing Report, the median sales price was $331,620 in September, down from $340,000 a year prior. That makes Houston the No. 1 city for year-over-year home price declines.

Meanwhile, home sales dropped 12.1% year over year, allowing months of inventory to rise 20.6% to 3.9-months, the third-highest inventory level of any major market in the U.S.

However, the average home sold in 38 days — a day faster than last year.

“We’re seeing some seasonal trends in play,” commented RE/MAX President and CEO Nick Bailey. “The dip in sales followed typical seasonality, and the increase in inventory on the market was much needed to balance previous low inventory. And that’s good news for buyers who choose to enter the market this fall.”