The low number of Short Sales and Foreclosures hitting the market has caused not only inventory of active single family homes to drop in the Bay Area City of San Ramon, but we are also seeing the Average Days on Market for San Ramon Real Estate also dropping.
In the following graph you can see the results of his low inventory and the lack of short sales coming to the market. For San Ramon Real Estate it has caused not only the average days on market to drop but we have also seen price increases at many price points.
We do expect to see more inventory coming to the market in the next few months and we believe that much of the active San Ramon real estate will be sort sales because we see most banks providing incentives to owners of distressed mortgages to try short sales. The upcoming increases in inventory of San Ramon real estate will create a leveling off of prices and average days on market. I highly encourage anyone wishing to sell their home within the next few years to call us today as we feel that you have a golden opportunity right now.
