Lots of handguns (vs AR/AK pistols) have been selling at or over MSRP for almost a year. But you are paying a premium for the S&W name. NOT saying it isn't worth it though. Just got an e-mail from PSA for pistiol kits WITH decent red dots for under $600 without receiver. I've got Anderson receivers in my safe
My "DPMS AR-10" lower with build kit and stock went from $200, to $300, to $350 in about 4 months. My RIA 10mm 1911 was just over MSRP and I was thrilled that I found it that cheap in stock. Other places were between $100-$150 more.
If you NEED it now, then buy it. But be sure you understand between want and need, and what your threshold is. Is it REALLY a Need, or is it just a want.