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.
This month, the PTC index lands at a healthy 479 points despite buyer and seller focus shifting away from diving into the highly competitive real estate pool.
New home sales were up nearly eight percent from June, yet down 30 percent from the prior year.
The existing home sales category also experienced a four percent gain versus June but were down 13 percent from July 2020.
For the fourth consecutive month, building permits posted a decline of 40 percent versus June; in the year-ago timeframe, building permits are down by about 64 percent.
Although market pace seems to be slowing, prices are still on the rise; the combined average sales price in Ada and Canyon counties is $540,888, up nearly two percent from June. Ada County’s average sales price is $632,333 while Canyon’s average sales landed at $449,443.
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.
