Home & Garden
San Ramon 1st Quarter 2019 Market Update
Is San Ramon in a Seller's or Buyer's Market? Let's look at the numbers.
San Ramon home sales for the first quarter of 2019...what do the numbers tell us? By comparing sales for the first quarter of 2019 to the same time period in 2018, we are able to determine a trend as to the direction of the market.
The chart below is only for single family detached homes.
| 2019 | 2018 | % Change | |
| # Listed | 221 | 225 | -2% |
| # Sold | 117 | 121 | -3% |
| Avg. Days on Market | 24 | 16 | +33% |
| Avg. Sales Price | $1,213,754 | $1,206,857 | +1% |
| Median Price | $1,175,000 | $1,133,000 | +4% |
The data tells us the current appreciation rate is 1%, which translates to a market in the upward direction, yet is taking 33% longer for homes to sell.
Find out what's happening in San Ramonfor free with the latest updates from Patch.
At this point, San Ramon is still in a Seller's market with inventory levels at slightly over one month. What this means is if no new listing come on the market, all homes would be sold in one month. Another data point is the absorption rate, which is currently at 71%.
The San Ramon housing market is strong and expected to stay strong as we head into the height of the selling season.