March has long been known as the kickoff to the spring real estate season, and in 2025, it delivered on that promise in a big way. The Treasure Valley real estate market saw strong gains across several key indicators, signaling increased confidence and renewed momentum heading into the warmer months helping land this month’s PTC Index at a six-month high of 288 points.
New Home Sales…
New construction homes were a hot commodity in March. Sales in this sector rose 40 percent month-over-month and were up 32.5 percent year-over-year. This surge highlights strong interest from buyers in move-in ready properties and suggests builders’ optimism is well-founded.
Existing Home Sales…
One area that saw a pullback was the existing home market. Sales declined about 15 percent month-over-month and are down 17 percent year-over-year. While this might seem like a setback, it could be more a reflection of low inventory or sellers waiting for stronger pricing conditions later in the season.
Building Permits…
One of the most striking signs of renewed activity came from the building sector. Filings for new building permits jumped nearly 30 percent from February, and a whopping 75 percent compared to March 2024. This spike indicates that builders are feeling bullish about demand and are ramping up activity to meet it.
Average Treasure Valley Sales Price…
Average home sales prices saw a healthy five percent gain in March from the prior month, and are now over five percent higher than they were in March 2024. This growth reflects continued demand and confidence in the local market, even with some shifting dynamics.
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.