Welcome to Capitol & Market, our all-member source for industry and advocacy news, legal updates, housing market insights, education and professional development opportunities for Indiana REALTORS®.
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In this edition: Sign up to support pro-housing policies at the Statehouse at an IAR Delegation Day, get an October market update and check out what's new in the Legal Forms library for 2026.
Keep scrolling for a CE reminder (how about knocking out some hours over the holidays?) and your first chance to register for the IAR Board of Directors Installation, Legislative Briefing and Reception on January 26th.
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Sign Up, Show Up and Speak Up for the REALTOR® Agenda: |
Register for a 2026 Delegation Day at the Statehouse |
Professional licensing and agency requirements, consumer protections, property tax relief and property rights – what happens at the Indiana statehouse impacts your clients, how you do business and your bottom line.
That’s why face-to-face advocacy at the General Assembly is so important. Sign up today for a 2026 Indiana REALTOR® Delegation Day at the Capitol:
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Get a special briefing on REALTOR® legislative agenda and where our priorities stand in the process by IAR’s Government Affairs team.
- Walk across the street to the Statehouse and make the case for the issues that matter to your state lawmakers.
- Start by clicking the image below and choosing one of the three Delegation Days – January 26th, February 2nd or February 9th.
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You’ll see that local REALTOR® associations are assigned to each day; try to attend the date with your primary board, but select another option if you have a scheduling conflict.
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January 26th is also the date of the 2026 IAR Board of Directors Installation (also at the Statehouse) as well as our Legislative Briefing and Reception later that day at the Hilton Indianapolis: Make a day of it by signing up for all the day’s events!
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Please note that you must sign up for a Delegation Day and the January 26th events (Board Installation, Legislative Briefing & Reception) separately, even if you select the January 26th Delegation Day.
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Indiana’s real estate market cooled off seasonally in November; new listings (6,466) in particular dropped nearly a third from October to November to finish 3% behind 2024.
- Fewer new listings last month also meant overall inventory tightened month-over-month for the first time since March to 18,797 homes for sale on an average day (still 15% ahead of 2024).
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November’s 5,840 pending sales were down from October but 1% ahead of 2024, as buyers took advantage of more options and mortgage rates averaging 6.25% over the past two months.
- Closed sales, on the other hand, fell 5% year-over-year to 5,776.
- The state median sale price dipped from $270,000 in October to $267,000, 3% higher than last November (and still up 5% year-to-date over 2024).
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Buyers had less urgency (and less competition for ample inventory) heading into Thanksgiving, and days from listing to pending sale rose to 31, six days longer than last November.
- As the market slowed, sellers continued to accept less of their original list price (94.6% versus 95.2% in November ’24); more than half of all homes on the market have had a price reduction since late September.
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This year, closed sales and new listings continue to show the most positive year-over-year growth and market share from $250,000-$750,000 with more repeat buyers and sellers and less demand at ‘starter home’ prices:
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In Case You Missed It: 2026 Legal Forms Changes |
In case you missed yesterday's Legal Bulletin, click below for a summary of additions and revisions to the IAR Residential Forms Library.
These slides include new language and explanations of the changes to the Purchase Agreement (Improved Property) (Form #02), Buyer’s Inspection Response – Conditional Acceptance (Form #05A-D) and Addendum to Purchase Agreement First Right Contingency (Form #24). (Where applicable, changes to the Purchase Agreement also appear in Form #34 (Unimproved Property).)
Two new forms will also be available in 2026: The Leased Property Addendum to the Purchase Agreement (Form # 74) and a Buyer’s Notice of Termination (Form #75).
(There were no substantive changes made to IAR's Commercial Forms for 2026.)
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If IU Can Beat Ohio State, You Can Finish Your CE Early: |
Speaking of legal forms, RECP’s current 12-hour member benefit CE package includes a course titled ‘There’s a Form for That’ – a great refresher on the 140+ forms that protect you while keeping transactions running smoothly while you acquaint yourself with the latest changes for 2026.
With the market cooling and another blast of winter weather forecast for much of the state this weekend, it’s a great time to dive into the forms course and the rest of the CE package from the comfort (and warmth) of home. After all, getting a head start on your CE requirement means more time this spring when business is warming up.
Remember, RECP’s online, on demand member benefit CE package is already included in your IAR dues and are now available now by clicking or scanning below.
(IAR members, log in to RECP and do not purchase the 12-hour member benefit courses. Email info@recp.org for help logging in.)
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Resolve to Register: January Upcoming Events |
January offers more than the chance to reboot this year’s resolutions – 2026 also starts with a number of opportunities to learn, connect with fellow REALTORS® and celebrate the strength of our industry.
Watch for more details on these events, but registration is open if you’re ready to RSVP for the IAR Board of Directors Installation and our Legislative Briefing and Reception on January 26th.
Registration is also available via Zoom for for our online Legal and Legislative briefings (January 15th and 23rd respectively), and make sure you choose a Delegation Day if you didn’t sign up at the top of this message. We look forward to seeing you next year!
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| KIM WARD
2025 IAR President
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Capitol and Market. It’s not only our address but also what we do. IAR backs you at the state Capitol and works to keep REALTORS® at the center of their local market. This newsletter will report on these efforts, as well as all the other information you’re entitled to as a member.
Add news@indianarealtors.com to your address book and be sure to let your local association know when you change email addresses (that’s where we get your contact). Thank you for reading and thank you for your membership.
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