Here is the latest data on what the San Ramon real estate market has been doing. San Ramon is its own micro market and doesn’t always reflect what the rest of the Bay Area is doing. That is why it’s important to look at the actual market data to see what the trends are. Here we’re going to look at four graphs that tell an accurate story of the actual San Ramon market.
First, you’ll notice we’ve had our first very slight price dip in the last six months. One month is not enough to tell if this is a trend, but we’ll want to check this out again next month to see if it is.
Next, we have the Supply/Demand chart. While we can clearly see that supply has been steadily increasing since the beginning of the year, we’ve seen a slight dip in the number of sales over the last three months. We’re seeing evidence of this in that where there were often large numbers of multiple offers at the beginning of the year there are fewer and smaller multiple offer situations now.
With the interesting supply/demand chart above, we think it’s important to note that the rate new properties have been coming on the market has been pretty consistent over the past four months. What does that indicate? Properties are probably taking a little longer to sell that at the beginning of the year.
This is our favorite graph as it shows we’re still holding at about an .8/Month supply of homes in San Ramon. Still very much a seller’s market until we start seeing 90-120 days of inventory – that’s about what constitutes a normal market.