New Weakening in Contracts for Ramona Real Estate Market

Sales fell in the Ramona market to nine homes sold over the last 30 days. It's also under an emerging downward trend in the number of contracts closing, with this week's number falling to 12. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in Ramona, and this period the median price of all sales fell from $401,272 to $400,000. In spite of contracts trending lower, there are only three months of inventory available, which signals that Ramona is a still seller's market.

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Demographic facts about Ramona:

  • The percentage of the population who own their homes is 59.1%.
  • This area has a one-year job growth rate of 1.85%.
  • The students per teacher ratio in this area is 25.8:1. (15.3:1 = national average)

Data reported through 1/11/2017

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Ask a local expert about this area:
ReMax Direct
Snapped 1 home in this area
Town & Country Real Estate
Snapped 2 homes in this area
James M. Dardeen, Broker
Snapped 30 homes in this area

Agents that specialize in this area
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