Sie sagten, Sie wären bereit.

English Translation

You said you were ready.

its not “were” it is “would be” ready.

No, it’s reported speech, so “were” is correct.

You’re going to need to explain that one to me

English Translation

You said you were ready.

My initial thought as well, but I have had minimal exposure to the subjunctive. pitti42 is correct. It is reported speech. A similar sentence would be: Sie sagte, es tue ihr leid. Your instinct would be to use “tat” there, but the speaker is reporting her speech.