April's PTC Index for the Boise, Nampa Metro Area

This is a great indicator of the vibrancy of our local real estate market for the combined Ada and Canyon Counties. It is calculated by Pioneer Title Company and can be a good reference point. It uses nine key real estate variables to come up with a single index number.

For perspective, during the most active point of our real estate boom in 2005 the index would have been 225, in January of 2010 it dropped to its lowest point of 28. It is showing a slight increase from last month's number of 94.

April 2011

Building Permits	123
New Home Sales	80
Existing Home Sales	773
Refinance	425
Average Sales Price	129294
Financial-Bond Market(10-yr Treasury)	3.46
Days on Market	91
Distressed(Short Sales and REO)	3919
Notices of Default	493
PTC Index	102

So we are making progress, slow but sure.