San Ramon posted several encouraging housing numbers this week as inventory fell to 60 homes and pending sales remained steady. Unfortunately, a sharp jump in mortgage rates to nearly 7% could make an already slow fall market more difficult.

The San Ramon housing market is showing a little more life as we head into what is normally a slower time of year. Inventory fell to 63 homes, pending activity improved, and lower supply could help strengthen the market heading into fall.

The San Ramon housing market continues to reject broad generalizations. Inventory fell to 69 homes this week, but pending activity slowed again, reinforcing that today's market is increasingly property specific.