Land Market Report: September 2019

Submitted by Jared Groce

September always marks the beginning of hunting season in Texas, as well as the fall buying season for rural properties. Our five-county area of North Texas has shown a strong start to the fall, with 34 properties going into contract in September, and 61 new listings coming on the market. Closings picked up their pace in all counties as well, and the days on market seem to be staying level with the rest of 2019. I do see a slight decrease in the selling to list price ratio, most likely an indicator their listings were overpriced to begin with.

To read more pick up a copy of the November 2019 NTFR issue. To subscribe call 940-872-5922.