St. Louis and San Francisco lead home price gains as Denver falls

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U.S. home prices remained largely flat in February 2026, with a national median price of $375,885, a mere 0.2% increase year-over-year. Amidst this stability, large markets showed varied performance, with Midwestern and select coastal cities like St. Louis and San Francisco experiencing gains, while formerly high-growth markets such as Denver and Boston saw modest declines. This trend indicates a market rebalancing, moving away from previous overheated conditions towards greater stability and localized shifts rather than broad corrections.

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