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.

As the Treasure Valley gears up for the holiday season and the accompanying colder months, real estate activity is starting show signs of a seasonal slowdown the latest PTC Index arrived at 478 points for the month of October.

New home sales remained relatively consistent in October up a few units from the month prior. In comparison to October 2020, new home sales posted a decline of 18 percent.

Existing home sales fell by just five units from the prior month, yet on par with last month’s volume.

First, building permits were down significantly nearly 24 percent from the month of September and also down nearly 57 percent versus October 2020.

The average Treasure Valley sales price landed at $538,657 in October versus September’s average of $538,724 – a difference of $67. Ada County’s average sales price landed at $615,659 while Canyon’s average sales price arriving at $461,655. In the year ago time period Ada County’s and Canyon County’s average sales prices were $484,818 and $359,154, respectively.