The new hot deal for the day is this REO that just came on the market


Often, we find insights by watching pricing trends within the quartile segments.Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed.

Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels. The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

The SAN RAMON market is currently in the Buyer's Market zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 24 so buyers should expect find reasonable levels of selection. Home sales have been exceeding new inventory for several weeks.

Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, the as supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Get more Weekly trends report for San Ramon
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