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.
After finishing 2021 with strong numbers in December, the new year started with some sharp declines that are somewhat typical for this time of year. Thus, the latest PTC Index lands at 363 points for the month of January.
New Home sales experienced a precipitous drop of 32 percent from the month prior but are up 12 percent compared to a year ago.
Existing home sales showed a downward trend: down 32 percent from December but up 44 percent versus January 2021.
Building permits in January fell by 16 percent versus December and are down 12 percent from a year ago.
The average sales price for homes in the Treasure Valley was $552,015, a slight decline from last month’s average of $553,246. Ada County’s average sales price was $639,734 while Canyon County’s average sales price was $464,295.
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.
