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: May Market Update
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Indiana home sales grew 11% from April to May to 7,701 (1% above 2024) as contracts negotiated earlier this spring closed.
- New pending sales, however, fell month-over-month and 13% behind May 2024 to 7,138 as mortgage rates crept higher last month.
- Price growth also slowed, as the state median of $270,000 was just 2% above May ’24.
- Looking only at existing homes, statewide closings finished 3% ahead of 2024 and the median sale price ($260,000) stayed 4% higher than last year.
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10,715 new listings were added in May, ahead of month-over-month expectations and 8% higher than 2024; year-to-date new listings are now up 6% versus 2024.
- This pushed total inventory higher as well, to 14,174 average daily listings, 25% above 2024.
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Two Charts for Homebuyers: |
Sellers have been listing their homes in higher numbers over the past three months – but buyers pumped the brakes in May when it comes to new pending sales. Here are two charts to keep in mind for homebuyers: They have more options across all budget categories (even though supply is limited below $150,000) while average mortgage rates continue to trend below last year.
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Two-Week Warning for the June 30th CE Deadline: |
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With just two-and-a-half weeks to the June 30th Continuing Education deadline, just one-third of real estate brokers have completed their required CE hours!
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Starting next year, the Professional Licensing Agency must conduct annual audits of member CE completion and will do so for the current licensing cycle as well; when the PLA conducted an audit last year, they levied nearly $130,000 in fines on members who didn’t get all of their hours done and documented.
- Don’t let technical difficulties, busy business schedules or some unforeseen emergency put your license in jeopardy.
- Remember that IAR members can complete their hours from the convenience of home or office with online, on-demand member benefit CE from RECP:
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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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From the Crossroads of America to Capitol Hill |
More than 150 Indiana REALTORS® joined thousands of colleagues from across the country in Washington DC at the start of June to advocate for homeownership, property rights, stronger housing markets and a competitive business climate at the 2025 REALTORS® Legislative Meetings! Thank you to all the IAR members who took time away from their businesses to make the case for pro-housing policies to Indiana’s congressional delegation – here are just a few moments among many at the Capitol from this year’s REALTORS® Legislative Meetings:
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How (and When) to Exercise Additional Days for Inspection |
In a 2023 survey of recent homebuyers, real estate marketing consultancy 1000Watt found that “interpreting inspection and disclosure reports” was ranked the most valuable service provided by real estate agents – buyers are looking to for expert help reducing risk and avoiding costly issues after moving day.
In this legal update, IAR Legal and Regulatory Compliance Counsel Anne Johnson provides a refresher on how (and when) clients can exercise their option for additional inspection if the initial report uncovers any potentially troubling issues.
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Nominations are Open for the 2025 Good Neighbor and Distinguished Service Awards! |
Know a fellow REALTOR® who deserves special recognition for their work in the community or their commitment and efforts to advance the industry? Click on the images below to learn more about the Distinguished Service and Good Neighbor Awards and make nominations - the winners will be announced at a special awards dinner at the 2025 Fall Conference, September 8th in Indianapolis (save the date now - registration opening soon)!
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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.
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