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.
Typically, the Treasure Valley real estate market shows signs of slowing down ahead of the winter months in October but this year October has been distinctive. Building permits are up 11% from the month prior, while new home sales making gains of nearly 25% during the same time period. In the year ago time frame, existing home sales are holding steady with gains of 8.1% over Sept 2012. As expected, refis are still making gains; October's refinances are up 26.5% from the month prior. The average sales price in the Treasure Valley rose a bit to $165,155, up 20.6% from a year ago. Notices of default and distressed properties ticked down from September by 3.6% and 12.1%, respectively.
October 2012
| Building Permits | 237 |
| New Home Sales | 195 |
| Existing Home Sales | 706 |
| Refinance | 2050 |
| Average Sales Price | 167550.5 |
| Financial-Bond Market(10-yr Treasury) | 1.75 |
| Days on Market | 64.5 |
| Distressed(Short Sales and REO) | 2112 |
| Notices of Default | 298 |
| PTC Index | 266 |
All I can say is WOW!
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