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 summer in full swing, the latest PTC Index comes in at a healthy 506 points, representing a seven percent rebound from the month prior.
New home sales increased about five percent from the month prior and compared to last year, are down nearly 18 percent.
In terms of sales numbers, existing home sales went up drastically by 34 percent compared to May last month and are mostly on par with volume from a year ago.
For the third consecutive month, building permits posted a decline of 20 percent versus May; in the year-ago timeframe, building permits are down by about 26 percent.
Finally, the average sales price for homes in Ada County and Canyon County landed at another record high of $530,864, an upsurge of ten percent from the month of May. Average sales price in Ada County is an astounding $609,974. With Canyon County average sales price at $451,753.
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.
