With the summer finally kicking into full gear, people around the treasure valley are more active since the temps warmed up. Meanwhile, the market trends for June held steady with those in May, with this month’s PTC Index at 247 points.
New Home Sales
New Home Sales inched up slightly in June by nearly four percent and are mostly inline with filings from a year ago.
Existing Home Sales
Existing Homes sales also posted gains of nearly 10 percent in June versus May although they are down about seven percent from a year ago.
Building Permits
After a surge of 68 percent in May v. April, building permits fell by about 30 percent in June. On the bright side, they are up about 17 percent from a year ago.
Average Treasure Valley Sales Price
Lastly, the average sales prices for homes for June came in at $544,233, representing a slight dip of about two percent versus May.
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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.