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.
At 472 points, the latest PTC Index is showing what could be considered a market slowdown or correction. However, the month-over-month declines are more likely tied to a highly constricted inventory pipeline the Treasure Valley has endured for nearly two years.
New home sales remain steady down two percent; in the year-ago time period new home sales are up seven percent from last year.
Existing home sales category was a bright spot having posted a six percent increase in the month of May versus April period.
Building permits for the month of May were down roughly 20 percent versus April but are mostly inline with the year prior.
This represents an increase of 32 percent from May 2020. Boise Regional Realtors reported this month that for the first time ever, the median Ada County sales price was over half a million dollars, with Canyon County not far behind at $435,363.
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.
