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: August Market Report
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June-August home sales and listings hit highest totals since Summer 2022 with improving mortgage rates |
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Falling interest rates and rising inventory spurred another month of year-over-year growth for Indiana’s real estate market in August, wrapping up a summer of sales and supply trending above last year.
- August closings (7,754) finished 7% above 2024 in while new pending sales (7,678) and listings (9,677) both outpaced last August by 1%.
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The state median home sale price remained $275,000 for the third straight month, 4% higher than 2024.
- 17,236 properties were listed for sale statewide on an average day in August, 19% above 2024 and the highest monthly inventory since the summer of 2019.
- Homes also took 21 days to go from listing to pending sale, continuing a slower pace than 2024 (17 days).
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While the state median sale price has been consistent month-over-month, higher inventory has helped buyers gain bargaining power: Sellers received less of their original list price (95.7%) last month than in July or in August 2024 (96.3%).
- More supply and longer time on market also prompted more sellers to reduce asking prices (price drops as a percent of inventory averaged 49% in August) to attract attention and offers before the end of summer.
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Run your own 'summer' report using the three and twelve-month report at the Indiana Housing Hub. |
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From June through August, Indiana’s real estate market ran hotter than summer 2024 with 23,416 closed home sales and 29,721 homes newly listed for sale, both 6% higher than the three-month totals in 2024.
- The statewide median sale price was steady at $275,000, 4% above last summer.
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Suburban counties across Indiana showed the largest year-over-year sales growth from June through July, as buyers pursuing higher-priced homes capitalized on available inventory with less regard to interest rates.
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Get the latest regional and local market data and analysis at the Housing Hub: |
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Map It: Where may homebuyers have more bargaining power? |
One of the newer features on the Indiana Housing Hub is the ability to generate county and ZIP code level maps of most charts in standard reports by simply clicking the 'Map It' button at the bottom right margin of the chart. For example, the three charts below showing three-week trends (August 18th to September 7th) from the latest Leading Indicators report: Where are home staying on the market longer than the state average, where are buyers negotiating less of the original list price and where are price reduction more prevalent as a share of total inventory?
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2025 Fall Conference delivers insightful program, celebrates the best of the industry |
Thanks to everyone who joined us at the 2025 Fall Conference – a near-capacity crowd of almost 400 REALTORS® gathered at the Hyatt Regency Indianapolis on Monday to network, learn and stay ahead of the curve on the latest industry trends, legal and legislative developments and market dynamics.
That evening, we gathered across Washington Street at the Indiana Roof Ballroom to celebrate the best of our industry and the REALTOR® organization:
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- Recent graduates of the Graduate REALTOR® Institute (GRI) program
- The 2025 Class of the Indiana REALTORS® Leadership Academy
- Our Honorable Mention Good Neighbor honoree, Dawn Whalen (award sponsored by Iconic Insurance)
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The Indiana Good Neighbor Award winner, Bart Medlock (award sponsored by Rural 1st)
- Our Distinguished Service Award winner, Paul Wyman (who also served as our program emcee – which made for a unique challenge protecting the surprise!)
- And the 2025 Indiana REALTOR® of the Year, Chad Chism!
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Meet Your 2025 Award Winners:
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New member benefit CE package available from RECP: |
RECP's twelve-hour member benefit Continuing Education package for the current CE cycle (July 1st, 2025 to June 30th, 2026) is now available! These courses are included in your IAR dues and are accessible 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 (and you can always access course certificates).
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One of the many other advantages of RECP's CE package is that courses are available online and on-demand to fit into the hectic schedules of our REALTOR® members. You can take these courses and fulfill your state CE requirements whenever you have time from the comfort of home…your couch becomes our classroom!
Remember, log in to RECP and do not purchase the 12-hour member benefit package. Email info@recp.org for help logging in; why not get started today?
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In Case You Missed It: Updated Indiana Seller's Disclosure
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As we explained in last week's Legal Bulletin, a revised Seller’s Residential Real Estate Disclosure (Form #46234 ) has been released by the state and is now available via ZipForm and other licensed forms providers in the IAR forms library. In this video, Legal and Regulatory Compliance Counsel Anne Johnson explains the key changes made to the Seller's Disclosure:
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As a reminder, we are advising brokerages to update their active listings executed on or after July 1st to the new state seller’s disclosure form as the prudent action to reduce liability under state law.
However, if a property listed on or after July 1st already has an accepted offer and is currently pending, we do not advise any change to the disclosure.
Further questions about the Seller’s Disclosure and related issues can be directed to the IAR Legal Hotline at 1-800-444-5472 if you are a Managing Broker or a designated agent.
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| KIM WARD
2025 IAR President
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