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.
Another August is in the books; this month typically caps off the buying/selling season for real estate across the Treasure Valley. This year, August finished strong compared to previous months, with the PTC Index landing at 253 points.
In August, New Home Sales posted an increase of 14 percent from July but are up about five percent from last year.
Existing Homes sales also posted an increase in volume of 13 percent versus July. Compared to a year ago, they are down about four percent.
Building permits also posted an increase this month, up about seven percent; they are up even more compared to a year ago, with a near 96 percent increase in filings.
Lastly, the average sales price for homes in the Treasure Valley was $564,768, a three percent increase from last month. The average sales price in Ada County is $647,144, and Canyon is $482,392. At this same time the previous year, the average is down five percent.
Be sure to visit PTCIndex.com for full 10-year historical data.
