Land Market Has Its Best Year in Almost a Decade

A recent report from the NAR’s Economist’s Outlook says the land market had its best year in nearly a decade in 2021 with land sales rising 6% as well as outperforming the pace of acquisitions of other commercial real estate types.  The report says states with the largest shares of land sales were Texas (15%), Florida (13%), California (6%), Georgia (5%), and Arizona (5%), garnering 44% of land sales in 2021.  Land Ho, indeed…

Click here to read the full report at the NAR’s Economists’ Outlook.