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.
The real estate market is at a slow crawl, with the holiday season as the primary focus for people this time of year, landing the PTC Index at 184 points.
New home sales were down in November by 17.5 percent versus October 2022. Compared to a year ago, they are down nearly 11 percent.
Existing home sales fell by 17.2 percent in November from the month prior. Compared to November 2021, they are down 45.2 percent.
Building permits rebounded compared to October, up nearly 63 percent. Compared to a year ago, however, they are down by 39 percent.
Lastly, the average sales price for homes in the Treasure Valley arrived at $560,422, down only two percent from October. The average sales price is up three percent compared to a year ago. Ada County posted $640,882 for its average sales price, while Canyon stood at $479,961.
Be sure to visit PTCIndex.com for full 10-year historical data.
