REALTORS® Land Institute Survey
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- The land market strengthened in 2017 compared to 2016, bolstered by strong residential and commercial land sales and the rebound in agricultural land sales.
- The average change in price per acre of residential land sold rose 5%, while that of commercial land rose 4%.
- The price of agricultural land also rose 2% after falling (-1%) in 2016, as commodity prices stayed flat, after declining in 2014-2016.