We expect about 1 in 4 offers to face bidding wars in the first quarter of 2020, compared to only 1 in 10 in 2019. This home buyer competition will push price growth up to 6% first half of 2020.
@Redfin chief economist Daryl Fairweather on home buyer competition driving up 2020 home prices. She also said home price growth will moderate to 3% as more listings of new and existing homes hit market later in 2020.