December 8 Weekly Statistics for San Ramon California Real Estate

The Contra Costa MLS is showing - 

• 315 active listings for San Ramon
• 91 sales pending

At the end of October the figures for San Ramon Real Estate were 404/95

This could indicate good news for sellers as the number of sales remains fairly stable while inventory of houses on the market is decreasing. Pressure on the price of homes in the area continues to be downward.

As we approach the holidays, we could see a decline in buyer activity, but the buyers that are out there at this time of year are serious buyers.

Comparing notes with other real estate agents in the San Ramon area indicates that buyers continue to have more influence on final price.

Buyers Market versus Sellers Market?

On the bubble. Depends on price range. Leaning more in favor of buyers at this time in our opinion.

Homeowners in San Ramon who really need to sell would benefit from recognizing the reality of the current market and take more aggressive price action in "leading the market down" instead of "following it down." If you follow the market down, chances are you are going to lose more in the long run. We are seeing more and more examples of this over the last 6 months.

A homeowner who could have sold at a 2%-8% reduction in June but held firm on their asking price is now facing a 10% – 20% reduction in price. Best advice – have a heart-to-heart with your San Ramon real estate agent and give serious attention to the statistics and price point.