Hmm. I don’t think I’m qualified enough to answer that…
I can try though!
In Carmel Valley, which I follow, deviation between builders and resale are pretty small. I don’t really track the RB market but there seems to be a bigger gap there, which probably means the market is less active and it will take longer for them to correlate.
Right now is definitely not a good time to buy since the after effects of spring bounce is still lingering.
