I would agree with you, that doesn't strike me as normal. Although you're definitely not the first person to have issues with this bogging down the system.
Do you happen to use sleep or hibernate at all, and if so does this seem to happen after resuming from those low power states?
While I wait for your next reply I'll also mention some general steps you could try:
a. As a temporary measure, disable your system paging file, restart, then return to the options and set it back to "automatic paging file" and restart once more. Several users have found this fixes this from occuring.
b. If this issue results primarily after sleep/hibernate, it could be something you can solve with updated storage controller drivers from the system manufacturer.
c. You could consider disabling compressed memory entirely. From an administrator-mode PowerShell window, type Disable-MMAgent –MemoryCompression and press enter to disable it (restart your computer afterward). If you wish to turn it back on later, the command Enable-MMAgent -MemoryCompression will do that (reboot afterword).
I would normally recommend leaving this on (when it's working properly at least). The most typical issues with it are hardware or driver related, but turning it off is not going to cause any harm. It's even off by default on Windows Servers.
PS. I'm just a sample size of 1 person, but since I happen to have the same amount of RAM I figured I'd share what my utilization looks like during typical work for me.