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.
November is historically a slower month through the winter season and kickoff to the holidays for consumers. The seasonal slow down is quite evident in the PTC Index number of 412 points.
New home sales took a slight hit this month with a decrease of 23 percent from October and 23 percent down from the year prior.
Existing home sales remained relatively steady down only seven percent from the month of October.
Building permits were down ten percent from the month prior and, compared to November 2020, are down a nearly 60 percent.
The average sales price for homes has gone up a nearly one percent and are up 26 percent from the year 2020. Ada county average sales price landed at $625,010 while Canyon County arrived at an average of $462,291.
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.
