San Ramon, CA housing market

San Ramon home values just slipped about 3.5 percent over the past year, and nearly one in five sellers is cutting price. If you own a home here, that combination tells you exactly how to play the rest of this year. The typical San Ramon home is now worth about $1.5 million. That is real money off where things stood a year ago, but the more telling number is what sellers are doing about it. The median list price is sitting near $1.35 million, well below the typical value, which means sellers are pricing for the market they have, not the one they remember. And about 20 percent of active listings have taken a cut. Here is the part that cuts the other way. There are only about 146 homes for sale, a thin supply, and homes that are priced right are still selling in about 37 days. This is not a glut, and buyers do not hold all the cards. So if you sell this fall, the market will still pay a fair price quickly, but it will punish a stretch price with a cut and a stale listing. To see what your San Ramon home is worth right now, get a free home value estimate at Home Value Pros dot com.