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.
With kids returning to school, the summer will soon come to a close, and so will the higher-volume buying season. Regardless, the PTC Index kept relatively steady compared to the prior month, landing at a respectable 227 points.
In July, New Home Sales posted a decline of 14 percent from June but are up about three percent from last year.
Existing Homes sales also posted a loss in volume of nearly 20 percent versus June. Compared to a year ago, they are also down about ten percent.
Building permits surged again this month, up 41 percent; they are up even more compared to a year ago, with a near 70 percent increase in filings.
Lastly, the average sales prices for homes for July held steady landing at $550,964. Ada County’s average sales price was $634,311, while Canyon County arrived at $467,616.
Be sure to visit PTCIndex.com for full 10-year historical data.
