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Real Estate Market Health
By Pioneer title company, view the vibrancy of the Ada and Canyon County real estate market.


To create the PTC Index, we gather data for nine key real variables and process them through our weighted algorithm to generate a single number reflective of the Treasure Valley real estate market.

 

The base data for the PTC Index is culled from various private sources as well as the public domain on a monthly basis.

 

These nine variables include building permits, new home sales, existing home sales refinances, average home sales price, the 10-year Treasury yield, days on market, distressed (short sales and Real Estate Owned) and notices of default. In simplified terms, the negative data from these sources is subtracted from the positive data to create the PTC Index. But before this happens, the data is weighted using a proprietary computation, resulting in a more accurate reflection of the real estate market.

 

The latest PTC index show that buyers and sellers alike are preoccupied with Thanksgiving and the holiday as many components of the index show declines all across the board. One bright spot wan an uptick in the average Treasure Valley sales price; this portion of the index increased by six percent over the month prior to settle at just under $214,000. Building permits were down by nearly 17 percent from last month, while new and existing home sales saw a sharp decline in the same time period of 20 percent and 24 percent, respectively.  Refinance activity still continues a small rebound through the year with a slim decrease from October of 4 percent. Notices of default also dipped below 100 filings last month while distressed properties fell by nearly 3 percent.  We expect activity in December to resemble that of November as we exit the holiday season and move into the New Year.

 

From time to time, the PTC Index algorithm may be rebalanced to provide the best possible snapshot of the Treasure Valley real estate market. All materials are copyrighted by Pioneer Title Company and are provided for noncommercial, personal use only.





PTC Index



Rick Snyder
Boise Homes for Sale : Boise Real Estate & Boise Relocation

Silvercreek Realty Group

1099 Wells St
Meridian, ID 83642
Direct: 208.631.2754
Fax: 208.401.1114
EMAIL


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