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: March Market Update
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Get local market data from March (and weekly data through April 13th) at the Indiana Housing Hub:
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- Mortgage rates settled near 6.6% through most of March after dropping from a mid-January peak above 7%, a stable plateau that helped bring more home buyers and sellers into Indiana’s real estate market last month.
- New pending sales jumped 30% from February to March to 7,828 statewide, well ahead of month-over-month expectations and 7% above 2024.
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Closed sales (6,160) finished 3% behind March 2024, still reflecting the pace of deals negotiated in February.
- 8,830 homes were also newly listed statewide in March, a 40% month-over-month spike that was 11% ahead of 2024.
- This kept Indiana’s inventory of available homes at 12,499 average daily listings, up 21% year-over-year.
- With increased interest from homebuyers matched by a higher supply of homes on the market, price growth was seasonal (4% from February to March) to a median of $260,000, also 4% above 2024; sellers received 95.7% of their original listing price, slightly less than last March.
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Improving trends in March helped bring closed sales within 3% of 2024 through the first quarter and boosted new listings 3% ahead of last year:
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Despite recent volatility in the mortgage market, weekly average rates have remained below 7% (and more than a quarter-point lower than this point last year); statewide pending sales have continued to rise (six straight weeks above 2,000 weekly pendings) while days from listing to pending sale have fallen from eighteen through March to fifteen over the past three weeks (within two days of 2024):
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It's Not Too Late to Register: IAR Summer Summit |
Get the full agenda below and join us May 5-6 in Madison: |
Join Us for Two Days of R&R: Recreation and Relocation Strategies |
- Connect with fellow REALTORS® and build your statewide network.
- Get a mid-year industry update and a refresher on all the resources and benefits that come with your IAR membership.
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Get an exclusive opportunity to weigh in on what you’d like to see out of your state association as we kick off a new strategic plan.
- Take advantage of optional in-person Continuing Education taught by IAR’s Legal Department on Indiana agency law – what every broker needs to know.
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Go back to your brokerage with new ideas and insights from our two-day agenda: How real estate professionals can get involved and help sell local quality of life, tourism and hospitality - making your market a destination for visitors who can become new residents and homebuyers!
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REALTOR® Advocacy Pays Off for Property Taxpayers: |
For IAR’s Government Affairs team, April 4th marked our last official REALTOR® Delegation Day of 2025, the eighth Monday during this session of the General Assembly when REALTORS® from across Indiana gathered at your REALTOR® Building before heading the street to the statehouse for in-person advocacy with their lawmakers.
Our ‘blue scarved brigades’ were a force at the Capitol, effectively pushing our legislative agenda with the same skill and enthusiasm REALTORS® use every day with your buyers and sellers.
Thank you to everyone who joined the Government Affairs team this session; we hope to see you again next year, joined by those of you who couldn’t make it in 2025.
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All told, more than 350 REALTORS® worked on behalf of your agenda this year, accounting for Delegation Days, the Legislative Briefing and Reception on January 29th and our special legislative dinner with RPAC champions.
These efforts have made a big difference: When the session ends next week, we expect to report significant wins on a number of REALTOR® priorities. And Governor Braun has already signed Senate Bill 1 into law, delivering significant property tax relief to the homeowners who have seen their individual bills and collective share of the statewide tax burden climb sharply in recent years.
Please click below to get more details on Senate Bill 1 and property tax reform:
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Countdown to the June 30th CE Deadline: |
With less than two-and-a-half months until the June 30th Continuing Education deadline, fewer than 20% of brokers have completed their required twelve hours of Indiana CE. It's not time to panic...but please don't procrastinate and put off your CE, especially as business heats up heading into summer.
Please check out this message from IAR CEO Mark Fisher on the importance of completing your CE, protecting your license status and avoiding any last-minute mishaps:
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Fortunately, it’s easy for IAR members to complete their requirements with plenty of time to spare with online, member benefit courses from RECP:
(IAR members: Please be sure to log in and do not purchase the 12-hour CE package - these courses are included in your membership dues. 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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