Land Market Report: June 2021 Rural Land Sales

By Jared Groce

June land sales in North Texas continue on an unparalleled pace with prices still continuing at an all time high. The number of transactions has increased which leads me to believe there is more available inventory to satisfy the never-ending demand that is out there right now. More and more concerns about changes in the capital gains taxes has land owners rethinking their positions about keeping their land, and many are selling while the market is high and the capital gains rate is 20 percent before stretching to the estimated 44 percent or 48 percent in 2022.

To read more pick up a copy of the August 2021 NTFR issue. To subscribe call 940-872-5922.