The Treasure Valley real estate market carried its early-year momentum straight through March, with activity levels continuing to build across nearly every category, with the PTC Index surging to 338 points last month – a five-month high – underscoring just how active the market has become. March kept the strong pace we saw in both January and February, with unseasonably warm weather acting as an early catalyst, giving the spring market an added boost right out of the gate.
New Home Sales…
New home sales surged 32.5 percent month-over-month in March, holding flat compared to a year ago. While the annual comparison suggests stabilization, the strong monthly gain reinforces that buyer demand for new inventory is very much alive—particularly as builders continue to adjust offerings to meet current market conditions.
Existing Home Sales…
On the resale side, activity accelerated even more dramatically. Existing home sales climbed 18.9 percent from February and jumped 42.7 percent compared to March 2025. This substantial year-over-year increase highlights renewed confidence among buyers and sellers alike, as more inventory circulates and pent-up demand releases into the market.
Building Permits…
For the third consecutive month, filings for building permits moved sharply higher, increasing 31.6 percent compared to February and rising about ten percent year-over-year. This continued climb signals sustained confidence from builders and developers, pointing to a pipeline that remains active as we head deeper into the traditional home buying season.
Average Treasure Valley Sales Price…
Despite the rise in activity, pricing trends remain modestly soft. For the fourth consecutive month, average sales prices dipped one percent compared to the previous month and are now down about three percent year-over-year. This gradual easing may be helping to fuel the increased transaction volume, as improved affordability opens the door for more buyers to re-enter 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.