Both inventory and price are showing a slight decline over the last few weeks for Bay Area Real Estate in the city of San Ramon. There is the normal real estate cycles for this area that could account for the downturn. The depth and duration will depend on how robust the demand will continue to be over the next few months. I have personally seen buyers opt to postpone their purchases until a clearer picture of the economy is realized while others seem unaffected. My thoughts are that we may be in for an extended flat period or even a drawn out downturn based on a recent uptick in foreclosures.
