U.S. home prices remain at record highs due to limited supply and homebuilding shortages, with economic uncertainty slowing market activity. In St. Louis, the median sale price rose 4.1% year-over-year in 2026 to $267,945, a 22% increase since 2022. Nationwide, the median price increased 1.0% year-over-year to $429,526 in 2026, up 9.3% from 2022. Prices are growing more slowly, improving affordability as wages rise.