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 Fall in full swing and Winter just around the corner, the latest PTC Index reflects a typical slow-down in real estate for this time of year, landing at 218 points for October.
New home sales in October were up 10.4 percent from September ’22. Compared to a year ago, they were down 16.7 percent
Existing home sales remained somewhat steady falling only five percent from Stepember. Compared to a year ago, sales volumes are down 38.6 percent.
Building permits also remained stable with 86 filings which is on par with the previous month. Compared to October 2021, however, they are down over 65 percent.
The average blended sales price for Ada and Canyon County landed at $571,761 – slightly more than September’s average and a 6 percent increase versus a year ago. Ada county’s average price was $652,132, while Canyon’s landed on $491,389.
Be sure to visit PTCIndex.com for full 10-year historical data.
