Land Market Report: March 2020 Rural Land Sales

By Jared Groce

“Well, that escalated quickly!” Probably the best comment I have heard since the COVID-19 issue has turned the nation, and indeed, the world, on its ear. The United States went from the lowest unemployment rate in history to the highest unemployment rate in history in less than three weeks, and it is still climbing.

So what has this done to the real estate market? I get five to 10 calls a day asking that very question. The short answer in our area is, not much. As you will see below, there are still people buying and selling real estate with the only real changes being in social distancing.

Showings are being done differently – either by virtual tour or without anyone else around, and closings are being done remotely instead of in title offices.

To read more pick up a copy of the May 2020 NTFR issue. To subscribe call 940-872-5922.