This week marks the beginning of the state fiscal year: New Indiana laws take effect on July 1st, a new two-year state budget begins, and the next Continuing Education cycle starts (remember, you have until midnight on Monday to complete required CE for this year!).

Among the changes to state law passed by the Indiana General Assembly this year are several real estate industry priorities covered by House Enrolled Act 1347. HEA1347 impacts real estate business practices, licensing and agency representation – the changes are positive for REALTORS® and consumers, but it’s important to take note of what’s new.

This video update from IAR Senior Vice-President of Government Affairs (and Caitlin Clark fan) Maggie McShane, Chief Operating Officer Kathy Harbaugh and General Counsel Richelle Cohen Mossler describes what you need to know (and do) starting Tuesday:

A brief summary of what HEA1347 does (and what REALTORS should know) effective July 1st:

HEA1347 isn’t the only IAR priority legislation that made it into law this year. Click below for a refresher on how issues relevant to REALTORS® and homeowners fared in the 2025 session of the General Assembly – our wrap-up report covers property tax relief, residential infrastructure and home renovation support, the removal of unlawful squatters, cutting down on delays to local housing projects and much more.

As we hit the halfway mark of 2025, don’t forget to check the Indiana Housing Hub for the latest regional and local market data and original analysis that can help inform prospective buyers and sellers; below are a few research highlights from the past few months.

Over the last ten years, more than 45% of annual statewide listings are added to Indiana MLSs after June 30th: There are prospective summertime sellers out there who may still be holding back – and could be reassured by fresh data on rising property values and equity growth across Indiana.

We tracked twenty years of repeat MLS sales to measure real price appreciation and found a positive trend dating back to 2013; homeowners have continued to build equity (though at a slower pace) since the peak of 2021-2022 – they didn’t “miss the market” by staying in their homes over the past three years.

We find that homeowners who bought in the 2-3 years before the pandemic are now selling in greater numbers as they hit six figure median equity levels – a point where the difference in current and potential mortgage rates isn’t so daunting if they’re motivated to move. If this sounds like some of your current or potential seller clients, check out the full analysis here.

Even with a dozen years of increasing home values, there’s also good news at the Hub on affordability in Indiana compared to the national housing market. Roughly 40% of Indiana home listings are affordable to households earning $75,000 (just above the state’s household median income of $70,000) - nearly double the national rate (21%). And middle-income homebuyers have more options across the state’s metro regions. Learn more and see how your local market stacks up here.

Summer is time to get out and enjoy nature (if the temperatures aren’t too sweltering, that is) – but how much are homebuyers willing to pay for waterfront access or proximity to parks, trails and other outdoor attractions? We analyzed thousands of recent home sales to determine specific price impacts for locations near these amenities. Get the details here.

Get the latest weekly data for the state, regions and local markets at the Housing Hub; you’ll also want to check out the mapping tools at the Housing Hub - here’s a three-week county-level snapshot of the year-over-year percentage change in new pending sales and listings, as well as days from list to pending covering the period from June 2nd to June 22nd: