Is the Current Pace of Home Sales Maintainable?

There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.

Why the concern?

Some are looking at the last four years of home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking.

However, if we go further back in history, we can see the real picture. After taking out the “boom & bust” years, the pace of sales is growing at quite a natural pace.

And new home sales are way below historic numbers. Dave Liniger, Re/Max CEO explains:

“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation. We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

Bottom Line

The current pace of residential home sales definitely seems maintainable and that is good news for buyer and sellers.

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2682 N 158th Drive Goodyear, AZ 85395

$460,000

2 Beds

2 Baths

1,824 SqFt

Status Active

MLS # 6665928

Property Type Single Family Residence

Price Type --

Now here's a really nice home, situated on a cul-de-sac lot, and priced to sell. This is the ever-popular Newport model offering: 2 bedrooms, 2 baths, office, open concept living and more. The main suite is spacious with roomy bath and built-ins in the closet. All tile floors thru-out. The lot is connected to common area, so there's no walls to make you feel closed in. This is a well-cared for home that will be sure to please.

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17719 N 113th Avenue Surprise, AZ 85378

$460,000

3 Beds

2 Baths

1,934 SqFt

Status Active

MLS # 6663313

Property Type Single Family Residence

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Welcome to the Gated Community of Canyon Ridge West! This stunning home offers privacy with no neighbors behind and boasts a sparkling pool with a soothing waterfall feature, along with a convenient RV gate and added parking for all your outdoor storage needs. Inside, vaulted ceilings with tubular skylights and neutral tile floors create a spacious ambiance. The flexible layout includes a private den and ample living space. New HVAC in 2024! *Edited Neutral paint photos added.

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2150 W Alameda Road Phoenix, AZ 85085

$460,000

4 Beds

3.5 Baths

1,861 SqFt

Status Active

MLS # 6667331

Property Type Townhouse

Price Type --

Lovely Townhome Ideally Situated in the Sought After Gated Community of Villagio at Happy Valley. This well-kept home boasts 4bds/3.5ba with the primary suite having its own balcony to enjoy Arizona's beautiful weather. Gourmet kitchen offers granite countertops, stainless steel appliance package, and breakfast bar that provides ample seating and overlooks your great room - ideal for entertaining! Enjoy community amenities that include a community pool, spa, BBQs, and spacious landscape areas. Prime location that has easy highway access to I-17, minutes from local attractions that include The Shops at Norterra, Desert Ridge MarketPlace, and Outlets at Anthem.

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4217 W Barbara Avenue Phoenix, AZ 85051

$460,000

4 Beds

2 Baths

2,064 SqFt

Status Active

MLS # 6668378

Property Type Single Family Residence

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Discover the allure of this tastefully updated single-story home with no HOA! It displays a desert front yard, a 2-car garage, an RV gate, and a private courtyard for welcoming guests. You'll love the spacious living areas filled with ceiling fans, recessed lighting, and one with a brick-wall fireplace and outdoor access. The home exudes charm with fresh paint, chic light fixtures, and wood-plank flooring. The kitchen provides SS appliances, granite counters, white cabinetry, a breakfast nook, a walk-in pantry, and a peninsula with a breakfast bar. Retreat to the generous main suite, showcasing designer's paint, backyard access, a dedicated bathroom, and a walk-in closet. Plunge into the diving pool during hot weather days, and it is perfect for year-round entertainment. Visit now

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