The Treasure Valley real estate market closed out 2025 with a welcome surprise. The PTC Index climbed to 263 points in December, marking an increase of nearly 30 points from the prior month—an unexpected bump during the Christmas and New Year holiday period, when activity typically slows to a crawl. Seeing this kind of momentum at year’s end was an encouraging signal and provides a solid foundation as we step into the new year.
New Home Sales…
New home sales surged by nearly 33 percent month over month in December and finished 9.8 percent higher than a year ago. This late-year spike suggests that buyer demand remains strong, particularly for new construction, and that motivated buyers were willing to move forward despite the holiday season.
Existing Home Sales…
Existing home sales dipped modestly, falling 5.2 percent from November, which aligns with typical seasonal patterns. On a year-over-year basis, however, resales were up 4.5 percent, indicating steady underlying demand and continued interest in resale inventory across the Valley.
Building Permits…
Filings for building permits declined for the sixth consecutive month, slipping 3.8 percent in December compared to November and landing 33.7 percent lower than December 2024. The continued pullback reflects ongoing caution among builders as higher costs and market uncertainty persist, keeping new construction activity measured.
Average Treasure Valley Sales Price…
Pricing showed slight monthly softening, with average sales prices down 2.1 percent in December. Even so, prices remained 4.3 percent higher than a year ago, reinforcing the longer-term stability of home values despite short-term seasonal adjustments.
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.