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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Research: July Market Report
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New listings and pending sales both finish 9% ahead of 2024 in July: |
- Mortgage rates improved in June and hovered around a three-month low last month as the statewide supply of homes for sale continued to climb – setting the stage for year-over-year growth in sales and listings in July.
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7,749 home sales closed in July, up 1% compared to 2024 at a median price of $275,000, unchanged from June. New pending sales (7,853) finished 9% ahead of July 2024.
- July’s 10,115 new listings also represented a 9% year-over-year increase as home sellers continued to return to the market in greater numbers.
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With new listings up 7% year-to-date, statewide inventory continued to rise: 16,515 homes were available on an average day in July, +23% year-over-year and the highest monthly supply since December 2019.
- Higher inventory meant homes stayed on the market even with positive sales trends: Properties took 19 days from listing to pending sale versus 14 last July.
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More homes for sale and a slower-paced market also had sellers adjusting: 48% of all statewide listings had a price reduction by the end of July, and the median sale price represented 96.5% of the original price versus 96.9% in July ’24.
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The big picture for sellers is still positive: Inventory remains below pre-2020 levels, and July’s $275,000 median sale price is 5% above 2024; the price-per-square foot for existing homes is also up 5% year-over-year.
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Get the latest regional and local market data and analysis at the Housing Hub: |
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Total inventory hit 16,515 homes for sale on an average day in July, the highest statewide monthly supply since December 2019. This pushed year-to-date inventory above 14,000 average daily listings, also a five-year high. This means more options for homebuyers, and often more bargaining power as well.
Share this infographic to help spread the word to potential buyers who may have been frustrated by limited inventory and competitive bidding situations in the past – it could be time to take another look at today's more balanced market. (And stay tuned for more consumer-focused infographics for your social media and customer engagement efforts...)
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Legal Q&A: First Right Contingency Addendum |
Homes are staying on the market longer and timing can be an issue for buyers who are also selling. As such, we’re seeing an uptick in questions on the Legal Hotline regarding the First Right Contingency Addendum to the Purchase Agreement, which allows a presumptive Buyer time to sell their existing home before finalizing a purchase while simultaneously allowing the Seller to keep their listing active during the contingency period.
In this video, IAR Legal and Regulatory Compliance Counsel Anne Johnson dives into some recent inquiries on this addendum – check it out:
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Fall Conference hotel discount deadline EXTENDED to August 18th! |
Monday, September 8, 2025
Hyatt Regency Indianapolis (Downtown)
One South Capitol Avenue, Indianapolis 46204
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Don’t forget to register for the Indiana REALTOR® Fall Conference on September 8th: Today was supposed to be the deadline for booking the discounted IAR room block at the Hyatt Regency Indianapolis, but as registrations keep coming in we've been able to extend the hotel discount rate until Monday, August 18th!
You won’t want to miss the lineup of speakers including NAR president Kevin Sears; real estate entrepreneur, industry expert and co-host of Real Estate Insiders Unfiltered James Dwiggins; U.S. Senator Todd Young and other special guests along with expert presentations on the latest legal, advocacy and market developments and trends.
(Click below for all the details and log in to the registration portal with your M1/NRDS number and password.)
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Scan or click below to learn more, register and book your room:
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New member benefit CE package available from RECP: |
RECP has released the twelve-hour member benefit Continuing Education package for the new CE cycle (July 1st, 2025 to June 30th, 2026)! These courses are included in your IAR dues and are now available online and on-demand by clicking or scanning below.
The 2025-2026 member-benefit CE package includes Code of Ethics and Fair Housing courses to meet NAR requirements; RECP even submits documentation to NAR and your local association to guarantee you've fulfilled these REALTOR® obligations along with your state CE requirement.
The new CE package also includes a timely course by nationally-recognized expert Craig Grant on the legal and ethical use of artificial intelligence in real estate as well as an overview of IAR’s statewide legal forms – a great refresher on the 140+ forms that protect you while keeping transactions running smoothly and by the book!
(Remember, log in to RECP and do not purchase the 12-hour member benefit package. Email info@recp.org for help logging in.)
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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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