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"There were 9,055 Texas land sales in 2021," said Dr. Charles Gilliland, a research economist with the Texas Real Estate Research Center at Texas A&M University, an expert on the state's rural land market.
In the fourth quarter of 2021, Texas recorded 1,283 rural land sales, significantly fewer than the 2,236 sales in the fourth quarter of 2020. "Fourth quarter 2020 was crazy," said Gilliland. "So anything near normal looks pretty calm by comparison. The fourth quarter 2021 drop may just be the result of a lack of inventory to sell.
In 2021, a record 846,347 acres changed hands, an increase of 53 percent.
Quarterly and annual statistical analyses for the seven Texas land market regions can be found on the Texas Real Estate Research Center website
Learn how to ensure a quick sell your home fast. Isn't that what we all want? Definitely! No one wants to put their house on the market and let it sit for two years, right? I don't think. We're going to cover about nine tips. Top tips to sell your home fast in this market.
Low Inventory Remains Inventory remains tight, it is still a seller's market, and inventory is expected to remain tight all this year as demand remains high and rates remain low. Days on Market in Houston
The number of days on the market continues to be near record low! "Days on Market" are historically low as the median house is under contract in under 15 days! As buyers compete for houses due to low inventory and Low Rates. Multiple offers are still happening as buyers race to outbid each other! Houston homes prices are up near 25%, as the Median Listing prices have increased by nearly $70,000 over the last two years. Read Houston Real Estate News
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