By Jared Groce
February of this year was slightly nicer to us than it was in 2021 as far as the weather goes, but land sales in North Texas have slowed down compared to last February, mainly due to the lack of available inventory to purchase. The gap between the number of buyers versus the number of sellers is still large, and in fact, may be getting larger right now. This gap, called supply and demand, is what regulates prices in any market.
Land prices are continuing to go through the roof as consumers are looking to own their very own little piece of heaven on earth and as speculators invest in a hedge against inflation. Covid-19 has slowed, at least for now, but that emergency has been replaced by the antics of Vladimir Putin in Ukraine.