As the year fades into summer and families settle into vacation mode, the Treasure Valley real estate market continues to keep buyers, sellers, and industry professionals on their toes. While June typically marks the height of the buying and selling season, this year’s activity has been anything but predictable with the PTC Index landing at 279 points for June.
New Home Sales…
New home sales slipped again, down nearly six percent month-over-month. And perhaps the most telling sign of caution: building permit filings fell sharply—down 47.2 percent from May and 53.4 percent year-over-year. Builders appear to be pulling back as they try to match supply with the ever-changing pace of demand.
Existing Home Sales…
Existing home sales were a bright spot, rising eight percent from May and a notable 26.8 percent compared to June 2024. Demand remains strong for move-in ready homes, signaling that many buyers are still eager to find their next address—despite economic uncertainty and fluctuating interest rates.
Building Permits…
Building permit filings fell sharply in June—down 47.2 percent from May and 53.4 percent year-over-year. Builders appear to be pulling back as they try to match supply with the ever-changing pace of demand.
Average Treasure Valley Sales Price…
Sales prices continue their gradual climb, inching up nearly two percent in June and now three percent higher than a year ago. This slow and steady appreciation reflects a market that’s not overheated—but still resilient.
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.