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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20138 W Steedridge Road Wittmann, AZ 85361

$649,000

4 Beds

2.5 Baths

2,339 SqFt

Status Active

MLS # 6773769

Property Type Single Family Residence

Price Type --

New irresistible custom home built 2024 on a cul-de-sac lot. A must-see! Ready to move in and start a new chapter of your life. Ideal for people looking for quality features and unique details. Located on a 1.24 acres lot. Huge backyard. 4 spacious bedrooms, 2.5 bathrooms. The gorgeous home is designed down to the smallest detail. Elegant touches that predominate throughout the entire house. Grand open space with 14 feet ceilings. Ceramic 4'x2' elegant tile in the whole home. One-of-a-kind and full of character kitchen with solid wood oak cabinets with appliances included. Beautiful kitchen island with enjoyable breakfast bar. Quartz countertops with veins. Relaxing electric fireplace in the living room area. Solid wood ceilings in patio and porch. 3 car garage.

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17621 N Eagle Crest Drive Surprise, AZ 85374

$649,000

2 Beds

2 Baths

2,273 SqFt

Status Active

MLS # 6761486

Property Type Single Family Residence

Price Type --

Sun City Grand 2 bed 2 bath w/Den on Granite Falls South Golf Course with a great view of #16 green. Quartz counter tops and maple cabinets at the kitchen, carpet and tile throughout. A gas fireplace at the living room, double sinks at master bath and bay at master bedroom. Closet shelving system at master closet. Shutters and honeycomb blinds for window coverings, Ceiling fans, solo tubes, & water softener. Extended 3 car garage w/cabinets and a work bench. Step onto the extended e facing patio for great views and a built in gas BBQ.

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1135 N Harold Street Tempe, AZ 85288

$649,000

4 Beds

3.5 Baths

2,140 SqFt

Status Active

MLS # 6759462

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 3.5-bathroom home that radiates modern elegance with a neutral color scheme and light, bright atmosphere throughout. The open floor plan is complemented by beautiful plank-style flooring, creating a sleek, contemporary look. Natural light pours into every room, enhancing the airy feel of the space. The heart of the home is the spacious kitchen, featuring a large island perfect for meal prep and gatherings. Conveniently included is a washer and dryer, making this home as functional as it is stylish. Ideal for both relaxation and entertaining, this property is a perfect blend of comfort and modern design.

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1139 N Harold Street Tempe, AZ 85288

$649,000

4 Beds

3.5 Baths

2,140 SqFt

Status Active

MLS # 6759465

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 3.5-bathroom home that radiates modern elegance with a neutral color scheme and light, bright atmosphere throughout. The open floor plan is complemented by beautiful plank-style flooring, creating a sleek, contemporary look. Natural light pours into every room, enhancing the airy feel of the space. The heart of the home is the spacious kitchen, featuring a large island perfect for meal prep and gatherings. Conveniently included is a washer and dryer, making this home as functional as it is stylish. Ideal for both relaxation and entertaining, this property is a perfect blend of comfort and modern design.

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1432 Varsity Drive Prescott, AZ 86301

$649,000

2 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6761462

Property Type Single Family Residence

Price Type --

Do you dream of evenings filled with serenity & beauty? Relax & enjoy stunning views through 12' sliding glass doors opening to an over-sized deck. These amazing views are some of the few in Astoria that will never be lost! Beautiful Prescott sunsets, views of the Golf Course, Willow Lake, the Dells, Granite Mtn., and gorgeous distant mountain views await. Set in charming Astoria in Prescott Lakes, this lovely home offers a split floor plan for privacy, & a flex space for an office/ den/ library. A beautiful kitchen with a stainless refrigerator, a large pantry, & a breakfast bar flows into the living room & out onto the deck. The primary bedroom, luxurious bath & large walk-in closet are on one side of the house, & a guest room & bath are on the other. The laundry room opens into a 2-car garage with storage. Note the details: a paver driveway & wrap-around front porch, amazing privacy from neighbors, ceramic tiled floors, gorgeous granite kitchen counters, upgraded lighting & fixtures, and more. The back yard is fenced, both the back and front yards are landscaped & on drip, & the unfinished lower level offers the potential for more living space and/or storage.

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4310 Buffalo Ridge Wickenburg, AZ 85390

$649,000

2 Beds

2 Baths

1,986 SqFt

Status Active

MLS # 6769421

Property Type Single Family Residence

Price Type --

GATED COMMUNITY. Perfect for SNOWBIRDS! FULLY FURNISHED! Luxury living in the desert! Championship Golf Course-Big Wick-18-hole, par-71; Little Wick-9 hole, par 3 course; Dining; Pool; spa; Art Barn; Culinary Parlor; tennis; Pickleball; 3 bars; full salon; fitness room; walking path & much more! Fully UPGRADED custom home. Premium corner lot. Located next to the Wickenburg Ranch Lake Park. Move in ready, down to the pots & pans. 2 bed 2 bath. Separate dining room. Tile plank flooring thru out. Gourmet kitchen w/LG Stainless Steel appliances, oversize kitchen island, Quartz counters. Master bath spa feel, custom walk-in shower. Smart space in laundry room. 3 car garage-room for your golf cart. Landscape will be beyond your expectation. Freshly painted inside & out. Come take a look!!

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17379 W Guthrie Street Surprise, AZ 85388

$649,000

3 Beds

2.5 Baths

1,948 SqFt

Status Active

MLS # 6765870

Property Type Single Family Residence

Price Type --

No neighbor on both sides, next to a PARK, and at the end of a cul-de-sac! Over $100,000 in upgrades including iron front door, extensive brick patios, pergola, whole house gutters, shutters, upgraded kitchen appliances, new custom painted cabinets throughout, executive glass in showers, upgraded fixtures, fans, whole house tile, landscape with lighting. The Sterling Grove Golf & Country Club has an 18 hole golf course, multiple pools, gym, restaurant, and many activities for the entire family. This home is in a 55+ section.

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2917 N 8th Avenue Phoenix, AZ 85013

$649,000

3 Beds

3 Baths

1,708 SqFt

Status Active

MLS # 6770545

Property Type Single Family Residence

Price Type --

Are you a savvy, creative buyer looking for an unbelievable investment? THIS is it! Completely modern and updated single level home with a separate guest house make this property unique and open for opportunity. Whether you're thinking of ''house hacking'' with rental income or looking to create double cash-flow off one property, there are SO many options. Main house is 1081sqft & guest house 627sqft with two RV gates to create space and separation if desired. Cozy interiors feature a clean, neutral palette, ceiling fans, window blinds, and wood-look tile throughout the entire house. Sewer, electrical, A/C, new cabinets, tile, windows doors, A/C ducts, new water lines, blown in insulation - all of it is DONE and move-in ready!

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420 W Cherrywood Drive Chandler, AZ 85248

$649,000

2 Beds

2 Baths

2,618 SqFt

Status Active

MLS # 6772924

Property Type Single Family Residence

Price Type --

Welcome to Ironwood Country Club located in the heart of Sun Lakes Community and it's many amenities. This stunning Borgata model is full of recent upgrades throughout the spacious layout. This 2 BD, 2 BA amazing home features a separate den/office with built in shelving. Enjoy a formal living/dining room complete with 3'' wood Shutters. Large kitchen, casual dining area and family room with slider to the paved oversized back patio and low maintenance backyard. Or enjoy the lovely evenings on the front patio. 3 car garage with vinyl flooring, custom cabinets, and EV charging station ready.

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2320 W Forest Pleasant Place Phoenix, AZ 85085

$649,000

5 Beds

3 Baths

3,097 SqFt

Status Active

MLS # 6772177

Property Type Single Family Residence

Price Type --

Remodeled home on a quiet cul-de-sac! Inside, you'll find a welcoming living room with high ceilings, a soothing color palette, luxury vinyl plank flooring and tall baseboards. Continue to the great room, which includes an inviting fireplace and open concept perfect for entertaining. The kitchen comes with granite counters, wood cabinetry, recessed lighting, SS appliances, walk-in pantry, and a two-tier island with breakfast bar. Double doors lead to the spacious main bedroom, complete with a light and bright ensuite offering double vanities, a jetted tub, and walk-in closet. Owned solar helps keep utilities low. The backyard showcases a covered patio and built-in BBQ for weekend get togethers. This home is a blank slate waiting for you to customize.

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17201 E Rockwood Drive Fountain Hills, AZ 85268

$649,000

3 Beds

2 Baths

1,720 SqFt

Status Active

MLS # 6774894

Property Type Single Family Residence

Price Type --

Welcome to your private oasis! This beautifully updated 3-bedroom, 2-bath home features a stunning pool, serene yard with a tranquil waterfall and great Red Mountain Views!! Vaulted ceilings create an airy feel in the living and dining areas. The family room connects to an updated kitchen (2024) with granite countertops, new appliances, and a large island. The split bedroom layout ensures privacy, while the master bath boasts an updated dual vanity and stylish tile backsplash. Recent upgrades include a new R/O system (2023), hot water heater (2022), pool equipment (2020), HVAC (2018), and a partial remodel of the master bath (2024). Located in a well-maintained neighborhood with easy access to Shea, this home is a true gem!

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10841 E Oro Avenue Mesa, AZ 85212

$649,000

3 Beds

2 Baths

2,159 SqFt

Status Active

MLS # 6773993

Property Type Single Family Residence

Price Type --

Un Paralled House to call Home! Lots of tasteful extras above similar versions of the popular, open 2150 plan. CURB APPEAL Fasioncolor!. upgraded stack stone columns. Epoxy patio. Magnificant large EZ care light colored floor tile. Staggered kitchen cabinets. Four large windows replaced by Pella, All ten ft ceilings including garage, 4 window door to golf cart garage. Six solatube skylights. 7 fans. Master has BOTH tub & separate shower. Master expanded TEN FEET! Great libary/music/office/tv room. Dynamite back yard with Pergola.Exceptional built in BBQ to entertain a crowd! Pavers going left & right.Side gate/storage, south patio. MUST see! Gentle pet; keep doors closed during showing please.

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