U.S. home prices remain at record highs due to limited supply and homebuilding shortages, with economic uncertainty slowing market activity. In Modesto, CA, the median sale price in early 2026 was $468,667, a 0.5% increase from 2025 and 2.6% above 2022. Nationwide, the median price was $429,526 in 2026, up 1.0% from 2025 and 9.3% from 2022. Prices are rising more slowly, improving affordability as wages grow faster.