After a brief seasonal lull to begin the year, the Treasure Valley housing market roared back to life in February. The PTC Index surged to 267 points last month, signaling a dramatic rebound in activity across the region. Despite being squarely in the middle of winter—albeit an unseasonably warm one—February proved to be a powerhouse month. The combination of strong construction activity, rising home sales, and surging refinance demand pushed the PTC Index sharply higher and suggests the Treasure Valley may be entering the spring market with considerable momentum.
New Home Sales…
New home sales jumped 34.7 percent in February compared to January. Year-over-year, new home sales are also up nearly 6 percent, reinforcing the continued importance of new construction in helping meet the region’s housing demand
Existing Home Sales…
Sales of previously owned homes rose 19.3 percent from the previous month and were up about two percent compared to February of last year. This increase suggests that homeowners who may have been waiting on the sidelines during the colder months are beginning to list their properties, while buyers are showing renewed willingness to transact ahead of the traditional spring rush.
Building Permits…
Filings for building permits climbed 32.8 percent in February compared to the previous month, marking the second consecutive month of gains after a prolonged slowdown late last year. Compared with February 2025, permit activity is also up eight percent year over year.
Average Treasure Valley Sales Price…
Average home prices in Ada and Canyon Counties continued a modest downward trend for the third consecutive month. Prices edged down another 1.2 percent from January, marking the third straight monthly decline. However, on a year-over-year basis, prices remain slightly higher—up 0.3 percent compared to February 2025.
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.