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.
May 2012
| Building Permits | 261 |
| New Home Sales | 151 |
| Existing Home Sales | 706 |
| Refinance | 1268 |
| Average Sales Price | 163570 |
| Financial-Bond Market(10-yr Treasury) | 1.8 |
| Days on Market | 78.5 |
| Distressed(Short Sales and REO) | 2690 |
| Notices of Default | 368 |
| PTC Index | 199 |
The PTC Index hits the highest point of the year as we officially kick off the summer. First, building permits surged by nearly 100% in the year-ago period; building permits are up 10% from the month prior. New home sales were at their highest levels in May, up 12% from the month prior and doubled over May 2011. Refinances in May 2012 versus May 2011 are up 231% while up slightly by 3.6% from the month prior. The disparity mostly likely stems from the current governmental programs for eligible home owners and record-low interest rates. The average sales price in the Treasure Valley also inched up from April by 12% and by nearly 25% from a year ago. Notices of default dropped from the previous month by 19% while distressed properties inched up slightly by just one half of a percentage point, but still down from a year ago by 28.8%.
Thanks to Pioneer Title Company for this compilation!
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