San Ramon, CA home prices and 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.