With inflation continuing at a fast clip and interest rates on the rise, the Treasure Valley real estate market is showing signs of slowing with the PTC Index landing at 339 points.
New Home Sales
Existing home sales also had an uptick of seven percent from last month and up near 15 percent versus this time last year.
Existing Home Sales
Existing home sales also had an uptick of seven percent from last month and up near 15 percent versus this time last year.
Building Permits
Building permits took a hit for the month of May, down 38 percent from April; compared to a year ago, building permits are down by 22 percent.
Average Treasure Valley Sales Price
The blended average sales price for homes for both Ada/Canyon County landed at another high of $611,343 – a slight two percent increase from April. Ada County posted its highest average sales price to date of $706,634 and Canyon County’s highest at $516,052.
Check out these additional market snapshots for our other markets…
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.