Economists' Outlook

Housing stats and analysis from NAR's research experts.

Land: Median Prices Up 4 Percent, for 12 Months Ending June 2014

A recent survey of REALTORS® Land Institute members found that the median price increase for land in the U.S. was 4 percent for the 12 months ended June 2014.

Approximately half of recent land sales were in the heartland of the U.S.: RLI Region 3 (KY, TN, NC SC, GA, AL, MS, FL; 30 percent of reported land sales), and RLI Region 4 (KS, MO, AR, LA, OK, TX; 26 percent of reported land sales). Approximately three-fourths of recent land sales were for Recreational (21 percent), Timber/Ranch (25 percent) and Agricultural (27 percent) uses.



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