U.S. home prices have hit record highs for over two years due to inflation and low inventory but are now growing more slowly as demand cools and sellers offer discounts. In Los Angeles, the median sale price is $903,000, down 1.7% year-over-year but up 2.6% month-over-month, marking a 50.5% increase since 2019. Nationwide, the median price is $429,650, up 1.1% year-over-year and 56.8% since 2019.