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.
April 2012
| Building Permits | 238 |
| New Home Sales | 135 |
| Existing Home Sales | 772 |
| Refinance | 1224 |
| Average Sales Price | 146342 |
| Financial-Bond Market(10-yr Treasury) | 2.05 |
| Days on Market | 76 |
| Distressed(Short Sales and REO) | 2673 |
| Notices of Default | 455 |
| PTC Index | 192 |
April continues to show encouraging signs of recovery in the real estate market with gains in most areas of the Index. Building permits are up nearly 31% from March 2012 with 238 permits filed between Ada and Canyon Counties – up over 93% when compared to this time in 2011! New home sales showed great gains up 25% from the month prior and existing home sales followed suit with gains of 20%. Short sales decreased 3% with 1,731 listed in the month of April. REOs were also down just over 3% from March at 942 for a grand total of 2,673 distressed listings. Notices of Default showed significant increases, most notably in Canyon County, up 31% from March.
For reference, March was at 162. Also 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.
My thanks to Pioneer Title Company!
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