The PTC Index is a monthly measurement of the vibrancy of the Treasure Valley real estate market. Based on a custom weighted algorithm, it combines nine critical measurements of the real estate market into a single, useful number: the PTC Index.
Despite being the shortest month to account for activity in the real estate market, February made a great showing on the PTC Index at 351 points.
New home sales posted an exceptional 16 percent increase from January and a near 21 percent increase from a year ago.
Existing Homes sales remained steady from January to February and are up an incredible 64 percent from last year.
Building permits decline 26 percent from January and fell by 31 percent versus a year ago.
Finally, the average sales price for homes in the Treasure Valley is $571,761, a near four percent increase from last month. Ada County’s average sales price was $649,378 and Canyon’s at $494,144.
Click here to see a full report on the Treasure Valley real estate market and be sure to visit PTCIndex.com for full historical data.
