With school out and the warm months officially underway, the Treasure Valley real estate market is shifting into summer gear. While activity is picking up, the market itself is sending mixed signals—leaving many to wonder what direction it will ultimately take. One thing is clear: the buying and selling season is just beginning, and the story of summer 2025 is still being written with the PTC Index landing at 302 points this month.
New Home Sales…
New home sales dipped five percent month-over-month in May. However, sales are still up nearly 16 percent compared to this time last year—indicating that while momentum slowed slightly in May, demand for new construction remains elevated.
Existing Home Sales…
Existing home sales jumped 12 percent over April, showing that buyers are back in the market as the season changes. While this number is just below where it stood last year (down 0.4 percent), the monthly climb is a welcome sign for sellers looking to make a move during the peak season.
Building Permits…
Building permit filings surged nearly 25 percent in May compared to April, suggesting that builders are preparing for continued demand. Year-over-year, permit activity is also up about nine percent, reinforcing long-term confidence in new development across the Valley.
Average Treasure Valley Sales Price…
Average home prices inched up just over five percent in May compared to April and are now three percent higher than in May 2024. This increase reflects tightening inventory in certain price ranges and heightened competition among buyers re-entering the market.
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.
Be sure to visit PTCIndex.com for full 10-year historical data.