I just carried out an analysis of real estate activity in San Ramon (using Clarus Market Metrics of course - what a great tool!). I was just considering detached single family homes. The results were encouraging to say the least.

We have seen an increase in median sales price for 3 straight months now. And in numbers of sales agreed for 4 straight months. These are not just small increases and this is despite the fact that we are seeing increasing numbers of home for sale. The inventory is being taken up faster than new homes are listed.

At the end of March there was only 3.3 months supply of inventory in this market segment. We would normally say this is a sellers market. Obviously buyers are coming off the fence. The next few months will be interesting to watch.