Land Market Report: May 2022

By Jared Groce

Finally, it rained. It has been a dry winter and early spring, but we are finally getting some relief via
regular rain showers. Everything is green and happy as the seasons change once again, just as intended.
The north Texas land market seems to be changing seasons as well, with fewer transactions taking place and a possible plateau of pricing – at least for now. April 2022 showed 54 land transactions within the six-county area of Collin, Cooke, Denton, Grayson, Montague, and Wise, compared with 99 in the month of April of last year.

Rising interest rates, and more especially, rising costs of everything we buy, have helped to cause the slowdown. Investors and folks with 1031 money are still on the hunt for land deals, but there has been a definite decrease in activity from the end-users.

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