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.
March 2012
| Building Permits | 182 |
| New Home Sales | 108 |
| Existing Home Sales | 643 |
| Refinance | 1164 |
| Average Sales Price | 140550.5 |
| Financial-Bond Market(10-yr Treasury) | 2.17 |
| Days on Market | 76.5 |
| Distressed(Short Sales and REO) | 2759 |
| Notices of Default | 392 |
| PTC Index | 162 |
March was indeed a sight for sore eyes as the real estate industry typically makes gains this month and sets a tone for the rest of the season which extends to early fall. The average sales price of a home fell slightly by 4% from the month prior, but is up 8% from a year ago. Notices of default and distressed properties (short sales and real-estate owned) also fell a bit by 6% and 4.4% from the month prior, respectively. Building permits made big gains in March as well with a 16% increase from the month prior. Looking at building permits a year ago, we see a whopping 43% increase since then in March 2012! New home sales ticked up by 10% across the valley, while existing home sales continue a positive trend up nearly 20% from the month prior. Refinances also continued their momentum up 15% from the month prior; they show a massive gain of 56% in the year-ago time period.
February was at 131.
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