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.
September typically marks the end of the prime purchase and sale months but many of the categories the comprise the PTC Index held strong last month, landing at 497 points.
New home sales posted an increase over the month prior of nearly ten percent but are down 32 percent from a year ago.
Existing home sales climbed by just over 4 percent over the month prior but are down 32 percent versus September 2020.
Building permits fell nearly 12 percent for the month of September versus August; in the year-ago time period they are down 32 percent.
After three months of incremental increases, the average Treasure Valley sales price fell by just a half percentage point which may signal a market correction. September’s combined average sales price landed at $538,724; the average sales price in Ada County was $616,669 while Canyon County’s arrived $460,779.
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.
