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.
July 2012
| Building Permits | 269 |
| New Home Sales | 170 |
| Existing Home Sales | 703 |
| Refinance | 1831 |
| Average Sales Price | 163290.5 |
| Financial-Bond Market(10-yr Treasury) | 1.53 |
| Days on Market | 68.5 |
| Distressed(Short Sales and REO) | 930 |
| Notices of Default | 396 |
| PTC Index | 244 |
The PTC Index this month reached an all-time record high of 244 points driven largely by a surge of refinance activity. Last month, refis surged by nearly 50% in July throughout the valley due to record-low rates over the last few months, along with the HARP 2.0 program with banks pushing streamlined rate reductions. Building permits remain consistent with only a slight increase of 1.5%, new home sales inching up by nearly 12%, and existing home sales falling by 10%. Distressed properties fell by 3% while Notices of Default increasing by nearly 16%.
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