Several Treasure Valley housing indices slowed in September, retreating from some of the gains made during the summer while still remaining stronger than earlier in the year. Notable improvements were made in refinances, which rose 7.8% in September to their highest one-month total in 6 months. Additionally, the number of distressed homes on the market declined 1.6% to its lowest number this year and 18.6% below last September's total. Building permits rose slightly, up 3% from last month, but new and existing home sales fell 19.8% and 7.1% respectively, following the surge in new home sales we saw in August. Average sales price also fell 4.1%, and the length of time homes remained on the market increased by 2 days, to 84 days valley-wide.
September 2011
| Building Permits | 104 |
| New Home Sales | 85 |
| Existing Home Sales | 715 |
| Refinance | 556 |
| Average Sales Price | 136795 |
| Financial-Bond Market(10-yr Treasury) | 1.98 |
| Days on Market | 84 |
| Distressed(Short Sales and REO) | 3442 |
| Notices of Default | 298 |
| PTC Index | 120 |
The PTC Index utilizes a proprietary algorithm that weighs nine key real estate variables. These variables, though widely available, have not been easily collected in a single location. The PTC Index changes that.
These numbers are for Ada and Canyon County.
For reference last month's was 119, a year ago came in at 103. Other points, the highest index was February of 2008 with an index of 218, lowest January 2010 at 28.
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