The median asking price for a home in the United States will likely go up by about 4% next year, according to a report by Redfin, an online real estate brokerage firm.

The 4% annual pace, which is similar to that of the second half of this year, is a “normalization” compared to the accelerated growth last seen in 2020, said Daryl Fairweather, chief economist at Redfin.

However, Selma Hepp, economist at CoreLogic, said home price appreciation might stay flat, or less than 1%, going into next year’s spring home buying season, according to NBC News.

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