Traditionally, December tends to be a slower winter month with consumers celebrating holiday festivities and Christmas shopping. This year, however, shows a different trend with the PTC Index closing the year with 479 points.
New Home Sales
New homes sales for December posted an impressive 72 percent increase vs. November and 21 percent from a year ago.
Existing Home Sales
Existing home sales dipped ever so slightly by nearly ten percent from the month prior but beat December 2020’s numbers by 20 percent.
Building Permits
Building permits had an impressive 148 percent increase from November and 24 percent increase from the year prior.
Average Treasure Valley Sales Price
Ada and Canyon County’s blended average sales price remained relatively steady at $553, 246 – an increase of about two percent versus November. Individually, Ada County’s sales price came in at $628,421, while Canyon County’s sales posted an average of $478,071.
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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.