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. To give you some perspective, when the market was at its most active point in 2005, the PTC Index average would have been 225. In January of 2010 we reached a low of 28. Though times have changed, the need for this data is greater than ever.
February 2012
| Building Permits | 157 |
| New Home Sales | 98 |
| Existing Home Sales | 537 |
| Refinance | 1010 |
| Average Sales Price | 146648.5 |
| Financial-Bond Market(10-yr Treasury) | 1.97 |
| Days on Market | 83.5 |
| Distressed(Short Sales and REO) | 2886 |
| Notices of Default | 418 |
| PTC Index | 131 |
February’s Index shows many positive gains in the Treasure Valley real estate market, most notably in building permits and new home sales. Building permits are up over 25% and new home sales at 20.5%; both categories report gains over 42% when compared to February 2011. Existing home sales held steady at 537 with a slight increase from the month prior. Refinances appear to be to be gaining traction with the introduction of Harp 2.0 under the Home Affordable Refinance program. The program targets underwater borrowers and allows the existing borrowers to lower their rate. February’s refinance numbers indicate a 21% increase when compared to January '12 and a 42% increase to February last year. Notice of Defaults showed a slight increase with 418 new foreclosure filings. Short sale and REO numbers have inched down slightly with a combined 2,886 valley-wide but continue to be a large component of total residential sales.
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