Real Estate in Savannah
Penny Rafferty
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Is the Current Pace of Home Sales Maintainable?

Is the Current Pace of Home Sales Maintainable?

Is the Current Pace of Home Sales Maintainable? | MyKCM

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.

Is the Current Pace of Home Sales Maintainable? | MyKCM

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.

Is the Current Pace of Home Sales Maintainable? | MyKCM

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

“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.

Posted on May 2, 2017 at 7:59 am by Penny Rafferty

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  • Reviews

    5alisha goldbach

    Penny took the time to find out what it was that we really wanted in a house. She then planned out showings to best suit our needs (and the attention span of our 5 year old!).

    During one of our weekend adventures to see houses, my car overheated and needed... (more)

    5user1311858

    Penny did a phenomenal job listing and marketing our home to get it sold quickly. We had multiple offers and were under contract with a full price offer in less than a week! The whole process went smoothly because of her organization and attention to detail.... (more)

    5beths31671

    The absolute best in Savannah! Found a new house (with Penny) and under contract with my current house (Penny!). Not new to the buying process, but new to the crazy regulations. Penny is AMAZING! Really...beyond thankful for her! Have never had someone... (more)

    Review Penny Rafferty on Zillow.com