Land Market Report

Photo by Jon Nunneley

From Jared Groce

North Texas rural land sales proved to be very slow in May, with about half the closings that we had in the previous month. Once again, the rain seems to be keeping folks from wanting to look at land so far this year. There is still a strong demand from buyers, especially for rural, residential and recreational properties under 50 acres. Prices remain strong for the few properties that did close in May, and I anticipate the summer will be strong as well.

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